S&P500 broke for the second time the 200 EMA
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.