SPX to 5800
1. Rumour has it there will be a rate cut in September. Even the Fed said so.
2. But has there really been a rate cut yet? No.
3. Still room to go higher, based on trendline
4. It's US election. Give them something to shout about! SPX at all time high.
5. US indexes will be fuelled by commodity, mining, BNPL stocks. Thank you Powell Sir!
Target: Sell at news. Upon confirmation of next month's rate cut or when it touches upper blue trendline
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