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TheMarketDog2

Can we go above 3000 in the short term?

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Indeks S&P 500 (TVC:SPX)  
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TVC:SPX   Indeks S&P 500
Chart Patterns S&P 500 (SPX500)
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If you're being pragmatic and consider a zone as a resistance rather than a precise number, we have touched 12 times (before yesterday) the 3000 area in the past 2 years.
The S&P500 succeeded only one time to go above it.
Can this mirage created by Trump and Powell lift the SPX higher?
I have short position not to speculate but for hedging. However I think that this bull run is fool's hope of better days...
Komen:
Just to add on this: I don't think there are fundamentals supporting us to go above 3000.
This is not a trading advise and I recommend to everyone extreme caution.
In the meantime, I recommend that you look for the forward P/E article on FactSet insight blog.

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TheMarketDog2
It’s all simple math.
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