The sp500 hasn't started really good this year and there are some real problems here and we are going to discuss this what is happing right now .
-I think stocks are massively overvalued and bought by the goverment to prevent stocks declining to fast now the question is how long are they going to hold it I mean there is only one buyer rising the market but is it enough ?
Now it is very obvious that US has it's intrest rates very low because they want us to consume and throw money to the economy instead of keeping or money in the banks also the US is printing lots of money didn't you notice the bearish move on EURUSD and a bullish gold ? Now we know that it wasn't euro that strenghtent but just US devalueing their money due to moneypriniting and debt are massively now look at the student loans that don't get paid off by people but that's another problem anyway I analized the sp 500 and this is what I got
fundamental perspective : GDP growth declined significantly this year
-inflation on water and electricity are much more volatile
- goverment debt to GDP 103%
-consumer confidence down 5 points
technical perspectiteve : Bearish divergence
-correction pattern indicating weakness
-price at fib resistance level + INCREASED VOLUME( important)
- slower higher high vs faster higher low indicates trendreverse
-I think stocks are massively overvalued and bought by the goverment to prevent stocks declining to fast now the question is how long are they going to hold it I mean there is only one buyer rising the market but is it enough ?
Now it is very obvious that US has it's intrest rates very low because they want us to consume and throw money to the economy instead of keeping or money in the banks also the US is printing lots of money didn't you notice the bearish move on EURUSD and a bullish gold ? Now we know that it wasn't euro that strenghtent but just US devalueing their money due to moneypriniting and debt are massively now look at the student loans that don't get paid off by people but that's another problem anyway I analized the sp 500 and this is what I got
fundamental perspective : GDP growth declined significantly this year
-inflation on water and electricity are much more volatile
- goverment debt to GDP 103%
-consumer confidence down 5 points
technical perspectiteve : Bearish divergence
-correction pattern indicating weakness
-price at fib resistance level + INCREASED VOLUME( important)
- slower higher high vs faster higher low indicates trendreverse