S&P500 broke for the second time the 200 EMA
This time it seem serious with a VIX index above 20 and moving higher, and the S&P500 index on the right top of a huge double top.
High yield bonds, war risks and recession risk add fuel to this move.
Target for the double top is the area 2630-2525 in the long term.
Bullish scenario only above 4600. Worth to be 100% cash and 0% stocks right now and stay at the windows.
This time it seem serious with a VIX index above 20 and moving higher, and the S&P500 index on the right top of a huge double top.
High yield bonds, war risks and recession risk add fuel to this move.
Target for the double top is the area 2630-2525 in the long term.
Bullish scenario only above 4600. Worth to be 100% cash and 0% stocks right now and stay at the windows.
World Broker - Team
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
World Broker - Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.