S&P 500 currently straddling support level. 3 possible routes emerge:
1) Retest of previous structure highs at ~ 2125
2) Continue to languish at current support level at ~ 1900
3) Break to the downside. The next floor I see if such a scenario occurs stands at ~1500, which signifies a 30% correction
After years of addictive doses of Quantitative Easing & near-zero interest rates, will tightening money supply conditions finally force the market to the downside? One can only wait and watch.
1) Retest of previous structure highs at ~ 2125
2) Continue to languish at current support level at ~ 1900
3) Break to the downside. The next floor I see if such a scenario occurs stands at ~1500, which signifies a 30% correction
After years of addictive doses of Quantitative Easing & near-zero interest rates, will tightening money supply conditions finally force the market to the downside? One can only wait and watch.