Fibonacci, sp500
The analyst of Canaccord, Tony Dwyer has a target,( updated) of 3420 for the sp500, the target seems reasonable with the behavior of the markets, the support from the Fed, and the momentum. Anyway, the same analyst has a neutral sentiment, because he sees a overextended market. His target called my atention because I have a target of 3428.75.
There are plenty indicators showing divergencies, and the money going in the markets has decreased (investor's money not fed). Also some of the most important stocks for the valuation of the SP500 have developed some weakness, and reached targets of consensus.
There are plenty indicators showing divergencies, and the money going in the markets has decreased (investor's money not fed). Also some of the most important stocks for the valuation of the SP500 have developed some weakness, and reached targets of consensus.
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