S&P 500 IndexLong
Low for the year is in
=> Here we have a clearly defined wide range in US Equities
=> The two large forces of the FED and Whitehouse clashing here. Whilst the Doves are coming out of the floorboards louder than ever the macro numbers are not turning (yet).
=> This means for those advanced traders out there we have some opportunity for value areas at the bottom of this wide range.
=> US Equities remain a proxy for risk sentiment which is having a domino effect across most other asset classes.
=> Here out target for Q119 is for a test of 2850.
=> Best of luck all those still holding positions, and well done to all those who caught out shorts earlier in the year.
=> The two large forces of the FED and Whitehouse clashing here. Whilst the Doves are coming out of the floorboards louder than ever the macro numbers are not turning (yet).
=> This means for those advanced traders out there we have some opportunity for value areas at the bottom of this wide range.
=> US Equities remain a proxy for risk sentiment which is having a domino effect across most other asset classes.
=> Here out target for Q119 is for a test of 2850.
=> Best of luck all those still holding positions, and well done to all those who caught out shorts earlier in the year.
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