The fierce rally in the
SPX is rapidly approaching upper part of the century-old trend line, as well as a decade-and-half old trend line.
This is an extremely rare moment where the froth in the markets are at the dangerously high levels. If history patterns are to be believed, we may enter a 9-10 years of lull markets with non-positive returns.
At between 7500-8000 level, the index may start going sideways before undergoing its overdue correction. Thus, 3500-8000 may become a large sideways boundaries for the index till late 2035.
This is an extremely rare moment where the froth in the markets are at the dangerously high levels. If history patterns are to be believed, we may enter a 9-10 years of lull markets with non-positive returns.
At between 7500-8000 level, the index may start going sideways before undergoing its overdue correction. Thus, 3500-8000 may become a large sideways boundaries for the index till late 2035.
Best,
Sumit Singh
SEBI Registered Investment Advisor (INA100010004)
youtube.com/@XumitCrypto
Sumit Singh
SEBI Registered Investment Advisor (INA100010004)
youtube.com/@XumitCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best,
Sumit Singh
SEBI Registered Investment Advisor (INA100010004)
youtube.com/@XumitCrypto
Sumit Singh
SEBI Registered Investment Advisor (INA100010004)
youtube.com/@XumitCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
