Friday, September 15, 2017

S&P500 Forecast & Strategy

A constant uptrend, with a low volatility; this is the S&P500 in the last months. What's next? Let's see if I am right: I am expecting to see an imminent down push, I would use a stop over 2506 Index Points, which is a possible resistance area. Any time the S&P500 is under 2506 Index Points, I will be SHORT with the ES.

I do not know how strong the down push can be, but the downtrend should go on until October.

See you in a few weeks...