SPX: Still the same quest: What will fuel the market?
AS you may see, SPX is trading inside a channel.
But since July 2014, the index is not in a position to hit the upside of the channel and even worse, there isn't the power that use to make SPX although the index has hit the highest high.
The question is what will fuel the market? European QE will not be enough. ALthough there is no more FED's QE that will come to an end in October, there is still cheap money in the market but no appetite.
Therefore we are either in a correction process, or in a change of trend for a bigger correction.
My guess is that we do have the initial sign of a bigger correction. Let's wait and see
But since July 2014, the index is not in a position to hit the upside of the channel and even worse, there isn't the power that use to make SPX although the index has hit the highest high.
The question is what will fuel the market? European QE will not be enough. ALthough there is no more FED's QE that will come to an end in October, there is still cheap money in the market but no appetite.
Therefore we are either in a correction process, or in a change of trend for a bigger correction.
My guess is that we do have the initial sign of a bigger correction. Let's wait and see
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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.
Publications connexes
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.