#SP500 - long term view
I see the highlighted red area as the current supply area and I wouldn't think about buying a dip (even for a corrective move) before it touches 1900-2000 highlighted blue area.
If people stand in the way of yet another government bailout, I can see it even touching 1575-1710 area as the companies with too much debt just get wiped out.
I see the highlighted red area as the current supply area and I wouldn't think about buying a dip (even for a corrective move) before it touches 1900-2000 highlighted blue area.
If people stand in the way of yet another government bailout, I can see it even touching 1575-1710 area as the companies with too much debt just get wiped out.