Im not an expert on Indices and certainly I be clueless when it comes to fundamentals - However; I can do a little bit of tech view.
While there are many reason to believe based on tech we have the top in and after a little bit on correction to or around 2,800 handle and a halt - we can see decline back for newer yrly lows and ideally heading to around 2,400 handle. A break lower puts focus back to monthly equilibrium point between 1900-2000.
i.imgur.com/VmJORVK.png
SPX Monthly - Tried to explain within the charts
i.imgur.com/6nSqrvx.png
SPX Weekly - Mimicking the Monthly chart.
i.imgur.com/Wa1X24V.png
SPX Daily - Possibly providing light to where the current correction should / could end.
While there are many reason to believe based on tech we have the top in and after a little bit on correction to or around 2,800 handle and a halt - we can see decline back for newer yrly lows and ideally heading to around 2,400 handle. A break lower puts focus back to monthly equilibrium point between 1900-2000.
i.imgur.com/VmJORVK.png
SPX Monthly - Tried to explain within the charts
i.imgur.com/6nSqrvx.png
SPX Weekly - Mimicking the Monthly chart.
i.imgur.com/Wa1X24V.png
SPX Daily - Possibly providing light to where the current correction should / could end.
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.