Expecting 3300

6 juin 2020

Looks like 3100 is hurdle is clear, next destination would be 3300. Two ways it can go right now. If there is no negative headline, we are probably on the way up from this level, else could see it test lower at 3150, before heading to 3300

12 juin 2020

Note

SPX corrected further than what I had expected. And this move was triggered by fear of second wave infections. But in my opinion, I think it was more of profit-taking after the sharp rally earlier.

The sharp rally earlier had caught many investors off-guard, I would expect them to take this opportunity to catch up and support the market from 3000.

End goal of 3300 still intact.