Upside: 4.5%
Speed: 3 Months (Slow)
Confidence 5/10
Risk High
View:
As long as above 2060, SP500 could climb to 2200 in the next 3 months.
If so, the correlation between stocks within the index will be low.
Expect rotation.
Note: Brasil EWZ, WTI, Sugar are reaching close to important lows (bottom) while apple is falling from the cliff.
Risk:
Below 1960, SP500 would enter a new dynamic, not necessarily vertically down but very weak and would probably slide lower to 2000/1960
Speed: 3 Months (Slow)
Confidence 5/10
Risk High
View:
As long as above 2060, SP500 could climb to 2200 in the next 3 months.
If so, the correlation between stocks within the index will be low.
Expect rotation.
Note: Brasil EWZ, WTI, Sugar are reaching close to important lows (bottom) while apple is falling from the cliff.
Risk:
Below 1960, SP500 would enter a new dynamic, not necessarily vertically down but very weak and would probably slide lower to 2000/1960
