RE: Lakshmi888/Troajan2 Apr 2019 08:53
Either we're abt to topple heavy quite soon else we're abt to go to ATH. It literally is that...no sideways/consolidation rubbish...
IMHO, we're due at least a v decent p/b of 100+ pts on SPX and then assess there if we go lower or reverse for the ATH first...I still expect to drop heavy sometime this year but it's whether they push to ATH first or not..
Either way, wld epect a 80-100 pt drop beginning this week.....
NFP on Fri...if that is really bad, I suspect SPX to hit 5000 at this rate!
Poor data, weak retail, Trade Deal being continuously delayed, PMI plummeting globally, weak GDP etc...nothing has the expected result on the indices which can only mean they're being propped up...maybe b/c the Fed etc know US is in trouble....and so does Trump....
But none of it matters. Fundies/indices not aligning in any way at all with actual data....
Fed gives the merest whiff of an interest rate rise this year and the indices will get it....aimho...