As of now, the S&P 500 stands at a notable 6,013.12. Recent technical analysis suggests potential exhaustion in the market. Key indicators to watch include the moving averages—if the shorter-term average crosses below the longer-term average, we may see a "death cross," signaling a bearish trend.
Reflecting on past experiences, on February 3, 2020, the S&P 500 peaked at 3,376 before dropping to 2,439 by early April 2020—a significant decline of about 27.8%. The market then almost doubled, reaching 4,796 on December 1, 2021. However, it dropped again to 3,517 by October 2022, a decline of approximately 26.7%. Since then, the market has nearly doubled again, bringing us to today's high levels.
My thesis is that we will see a pullback soon, perhaps from April of ~20%!!
Reflecting on past experiences, on February 3, 2020, the S&P 500 peaked at 3,376 before dropping to 2,439 by early April 2020—a significant decline of about 27.8%. The market then almost doubled, reaching 4,796 on December 1, 2021. However, it dropped again to 3,517 by October 2022, a decline of approximately 26.7%. Since then, the market has nearly doubled again, bringing us to today's high levels.
My thesis is that we will see a pullback soon, perhaps from April of ~20%!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.