Unfortunately, what we see on the SP500 chart shows that if a good or bad economic data still motivates the index goes up (the trend).
according to my analysis and my observations, I believe that at the moment the SP500 futures has reached its peak at 1674 points and now should begin to create a correction.
Reasons why I think so, at least a few.
1. The risk that the Fed will reduce the size of bond purchases (QE 1,2,3 ... etc.),
2. Negative divergence SP500 to Short Activity Z-Score (20 each cumulative short Activity Across Equity L / S Funds), (chart 1)
3. expanding spread between the SP500 and EBITDA, (chart 2)
4. testing relevant resistance on the chart, (my analysis - chart 3)
5. forecasts for growth by Goldman Sachs, (charts 4,5)
2. Negative divergence SP500 to Short Activity Z-Score (20 each cumulative short Activity Across Equity L / S Funds), (chart 1)
3. expanding spread between the SP500 and EBITDA, (chart 2)
4. testing relevant resistance on the chart, (my analysis - chart 3)
5. forecasts for growth by Goldman Sachs, (charts 4,5)
 |
| chart 1 |
 |
| chart 2 |
 |
| chart 3 |
 |
| chart 4 |
 |
| chart 5 |
regards, oscarjp
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
No comments:
Post a Comment