S&P is still Bearish and having levels lowerUS said Israel hit Iran and this will impact US equity due to risk on oil. Mostly US equity do not change trend so easily with out testing ket levels.
Usequities
Sell S&P 500 - Target 1 - 3900, T2 - 3840After Fed data and importance on Inflation is understood as higher priority to be controlled with less importance on growth it clear Sell in equity and its reflecting in charts as well with wave target of 3900 and 3840 before friday EOD ?
Melt upMost overbought ever...at least till 1970's
If that's not enough please humor me.
What's funny is everyone in the mainstream is defending. Including Warren Buffett.
www.cnbc.com
And this is the response from Cliff Asness
twitter.com
You know where I stand. Make up your own mind.
This is a global equity story. Not just the US.
Indian benchmark indices touched all time highs today.
Watching ETNOW and CNBC in India is funny. Their condescending opinions about markets are the daily dose of entertainment for me.
Even more amusing is how the opinions turn on a dime day over day.
With all due respect though. It's a tough job they have. I wouldn't fair better in all honesty.
But investors should.
