Is there reason for fear? 🤨

2023年4月25日

The main US index has a significant impact on the dynamics of markets around the world, so its very important to keep an eye on it 👀

The forecast for Sp500 that we gave a month ago is partially being implemented.
We still dont rule out a final upward momentum of index to collect stops of shorts-guys.
But in the short term, all the factors for the fall of the index.

⚙️ According to the technical analysis, Sp500 rests on a strong resistance of 4200p.
For more than a year, the index has not been able to break through this level.
Immediate support around 4000p., where the upper limit of the medium-term falling channel passes.

The global economy is in a recessionary cycle, which means that in the coming quarters one should not expect growth in revenues and profits of companies.
🖐️ On the one hand, high inflation prevents central banks from lowering rates.
👋 But on the other hand, the situation with bank failures forces the Fed to inject hundreds of billions to save them.

🔰 Outcome:
In the short term, we expect the Sp500 index to drop to 4000p, and then lower.
In the medium to long term, the index will inevitably rise as central banks continue to print trillions to support/rescue the financial system.

We recommend to be in assets by no more than 50% of the portfolio.
This year we will definitely see lower prices, so it is extremely important to have a cash to buy additional assets.