ByDHTaylor

Look for mostly sideways to lower moves in $SPX $DOW and $NASDAQ

Short
SP:SPX   L'indice S&P 500
In continuation with the moves lower from yesterday and the past few days, I am looking for continued moves lower. Ultimately, until we get a solidified stimulus package, there is no real reason for the market to be up this high. Given that, most likely we are not going to know what a stimulus package is going to look like until we know what the makeup of Congress and the Presidency looks like, and that won't happen until we get passed the election. That means any stimulus is not going to happen until after January, most likely. That is a bit down the road. Ultimately, I am looking for a test of the 3,400 first, then a push lower to 3,200.
SPX

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.