Can we go above 3000 in the short term?
If you're being pragmatic and consider a zone as a resistance rather than a precise number, we have touched 12 times (before yesterday) the 3000 area in the past 2 years.
The S&P500 succeeded only one time to go above it.
Can this mirage created by Trump and Powell lift the SPX higher?
I have short position not to speculate but for hedging. However I think that this bull run is fool's hope of better days...
The S&P500 succeeded only one time to go above it.
Can this mirage created by Trump and Powell lift the SPX higher?
I have short position not to speculate but for hedging. However I think that this bull run is fool's hope of better days...
Note
Just to add on this: I don't think there are fundamentals supporting us to go above 3000. This is not a trading advise and I recommend to everyone extreme caution.
In the meantime, I recommend that you look for the forward P/E article on FactSet insight blog.
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.
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.