Bearish On SPX

3 באוג׳ 2018

Such an interesting trading environment. Every pull-back is used by investors to get in -at all cost it seems- but the geopolitical risk is keeping everything in line and stuck below the resistance level. This is largely influenced by fundamentals, but, as seen earlier this week, with enough bad news, prices will revert towards the mean and correct by about 8-10%. If this lead to an even deeper correction or crash, it will be an opportunity to get into the US economy and its best players.