American indices hit their all-time high last week. The JV 500 Index is the main indicator of the US economy. This year it was very volatile, which does not quite correspond to the events taking place in the country during this year. Technical analysis indicators show a large overbought market and create strong pressure on the asset. In similar situations, markets very often crash. What is most likely to happen in this situation. It's hard to say how deep the market will go, it all depends on what scenario America comes up with. But the fact that the market will fall is a fact.
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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.