We are still in a bear market. I saw distribution last week, and so my question is "where are we heading to".
We are going down hard. I think s&p 500 will hit 800 this week, and will be heading to 770. If we have a strong support at 770 and back to 800 next week. We will see 920 in May, and we will have a positive year.
What if support at 770 is broken? S&P will go to 653.
For now, it is not so meaningful to predict the future too far away. We will look at the price action when s&p gets close to 820, 800 and 770.
Mortgage rescue plan
17 years ago
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