This bull run looks ready to fizzle out, but I'm opted to think that there are many bullish tailwinds that could lead to the next rally above and beyond $400. I doubt there's a bad outcome to the elections, between stability vs tax cuts and an end to the rate hikes. Powell is expected to announce potential slow down of the hikes after November. Obviously Santa Rally. And no recession yet.
Now, these are not technical factors, more fundamental and seasonal so obviously they need to pan out rather than play out but right now, that's the setup.
Now, these are not technical factors, more fundamental and seasonal so obviously they need to pan out rather than play out but right now, that's the setup.
הערה
Powell didn't come bearing good news for markets...
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
כתב ויתור
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.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
כתב ויתור
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.