soldenal

SPX potential bottom: another perspective

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SP:SPX   Indeks S&P 500
It is easier to see this from SPX monthly chart. The top trend line since 2009 was breached last few years due to a lot of money being printed.

If not for the money printing, today SPX should be at about 3400.

Now the monetary contracting cycle is starting, I think SPX is heading towards its 50 month moving average line and probably dip a bit below it. I am currently seeing we bottom out near 3400-3500.
Komen:
This is meant to be my view of the market in the mid term, for the rest of the year. Before that we might have short term bottom near 3800-3900 very soon.
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