The
S&P 500 is more or less where it was in mid July, and except for a
few volatile days in early September the market has hardly moved.
Some people will blame it on the upcoming elections, but this kind of go-nowhere periods also happen when there are no elections. One thing is clear: this too will pass, we just don't know when.
Let's have a look at the current S&P chart:
Some people will blame it on the upcoming elections, but this kind of go-nowhere periods also happen when there are no elections. One thing is clear: this too will pass, we just don't know when.
Let's have a look at the current S&P chart:
Stocks
appear to be trying the upside again after holding the important 2120
support. But it is not a convincing rally attempt so far.
The S&P is in a mild down trend channel (grey lines) and how it emerges from it is likely to decide on the next major move. All we can do is wait.
The S&P is in a mild down trend channel (grey lines) and how it emerges from it is likely to decide on the next major move. All we can do is wait.
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has been posted for Educational Purposes Only. Do your own work and
consult with Professionals before making any investment decisions. Past performance is not indicative of future results
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