s&p Double top/beginnings of H&S
Обновлено
I seriously suspect, with many others the markets have not bottomed.
This was an oversold bounce, helped by huge QE, whilst not addressing any of the underlying fundamental problems the markets currently faces, apart from everything being overpriced at the start of the crisis, which it has fixed.
Now traders Institutions, Governments want to act like its business as usual without dealing with...
Corona lockdown and the effects that will have on earnings etc
being in the initial stages of a Pandemic that will take many lives and is going to get worse
Mass unemployment
People being unable to pay rents and mortgages which will cause a house price collapse.
And its with these thoughts im looking at S&P and waiting for the next leg down...
I don't know whether this is the start of it but ive got my eye on it...
This was an oversold bounce, helped by huge QE, whilst not addressing any of the underlying fundamental problems the markets currently faces, apart from everything being overpriced at the start of the crisis, which it has fixed.
Now traders Institutions, Governments want to act like its business as usual without dealing with...
Corona lockdown and the effects that will have on earnings etc
being in the initial stages of a Pandemic that will take many lives and is going to get worse
Mass unemployment
People being unable to pay rents and mortgages which will cause a house price collapse.
And its with these thoughts im looking at S&P and waiting for the next leg down...
I don't know whether this is the start of it but ive got my eye on it...
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