-Seriously and based on current events, I don't see the SPX index losing the 3785 region.
-Price inflation seems to want to cool down, giving loopholes for the FED to only maintain interest rates at current levels, with this, the wave of uncertainties that hovered over scholars in economic affairs, make them see (erroneously) that the “worst ” moment may have passed. Big mistake!
-We know that this is not the case, because, after forceps containment in inflationary scenarios, the whiplash effects return with the same intensity that caused them to be contained (since global demand + economic contraction + unbridled money printing = stagnation/high inflation).
-But this does not mean that the "post" FED will not bring inflation above 5.0% again, since the control of American inflation is being controlled by administered prices (oil, energy and commodities in general).
-I believe that the worst moment in the short term has passed, but the worst moments in the medium and long terms still need to be accounted for.
$ Let's go graphics! $
-The monthly chart still shows us that the trend is for a long-term increase, after having formed a high pivot, and it still hasn't lost the region of 3785 pts. I think pivots on monthly charts throw us into long-term trends!
-On the weekly chart, the trend is still up, as well as on the monthly chart, as we had the gold region of the FIBONACCI being reached, and a correction up to the 3960 range will be seen as a routine correction, pushing us further tall.
-The only timeframe that shows divergence from the higher timeframes is the daily chart, and it is showing me that we have a bearish pivot formed that intends to look for the 3990 (3960) region as a support point, which corroborates the thesis of healthy correction indicated in the weekly chart.
--Do we have in that green box marked on the chart a price accumulation region and a probable point of stop for the declines? -I believe that only time will tell us the answer!
It is clear that the global moment is delicate, and the world's central banks are doing their job to contain inflation.
-It will be hard work, but those who are prepared will be able to reap good results from the inhospitable scenario that is hovering over global economies!
-Do your analysis and good business. -Be Aware, If You Buy, Use Stop! -See below for other reviews.
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