It seems to me that we are experiencing a soft landing, the soft landing theorized by many. I'll just say that December will be the month that defines the direction for the SPX index, and I hope that companies and governments will show us the direction we should follow in 2024.
We cannot forget that SPX is the most important index in the world. We also cannot forget that China is "one of the little engines" alongside the USA that consumes a large part of the raw materials produced in the world, so if that little engine were to fail for a single quarter, it would be enough for us to review all our plans for 2024. What does the present hold for us?
Below I show you a downtrend line that is about to be broken.
Let me show you my newest madness, after all, madness only comes to those who think the most. Or maybe the market is crazy and could actually form this pattern. Honestly, I don't know what else to study, because every day is something different (QE).
Below I leave another image, the image of the first long-term upward pivot formed after the health crisis. Can we draw any conclusions?
Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.