14 replies to this topic

[CLK]

Anyone think SPX hits 3500 before March, or is this just going to drop and go sideways with 3300 the top for the next 6 months?

[pdx5]

3500 is possible----based on news! And no one can predict future news.

[redfoliage2]

No way SPX will reverse to down trend before the pandemic is under the control as the Fed cannot afford a failure here, and thats why the indices going up with the pandemic cases . The stock market is not the economy its a container to hold the liquidity when the rate is too low and the liquidity is flooding the world......

Edited by redfoliage2, 26 July 2020 - 10:55 AM.

[K Wave]

No way SPX will reverse to down trend before the pandemic is under the control as the Fed cannot afford a failure here, and thats why the indices going up with the pandemic cases . The stock market is not the economy its a container to hold the liquidity when the rate is too low and the liquidity is flooding the world......

Pandemic is essentially done as far a peak infections...which looks like they peaked last week June to 1st week July in the surging big population metro areas. Epi curves clearly showing this now that we are a few more weeks down the road.

Remember, the case numbers being reported are from infections a week to 2 weeks back for the most part, so they will lag the date of onset Epi curves.

 

Will only get much better from here on out.

 

Here are just a few examples of some dashboards that post them.

 

Houston

 

 

Austin - showing both Epi and drastic drop off in reported cases as well.

 

 

 

Arizona

 

Edited by K Wave, 26 July 2020 - 11:30 AM.

[Dex]

Anyone think SPX hits 3500 before March, or is this just going to drop and go sideways with 3300 the top for the next 6 months?

 

I think we have 3 markets.

 

Tech - decline then to ATH

 

S&P 500 - decline then trading range BUT still strong as 30% is tech - 3500 is very doable.

 

RUT - decline then trading range lower then S&P 500

Edited by Dex, 26 July 2020 - 02:08 PM.