Can we go above 3000 in the short term?

2020年5月19日

If you're being pragmatic and consider a zone as a resistance rather than a precise number, we have touched 12 times (before yesterday) the 3000 area in the past 2 years.
The S&P500 succeeded only one time to go above it.
Can this mirage created by Trump and Powell lift the SPX higher?
I have short position not to speculate but for hedging. However I think that this bull run is fool's hope of better days...

2020年5月19日

註釋

Just to add on this: I don't think there are fundamentals supporting us to go above 3000.
This is not a trading advise and I recommend to everyone extreme caution.
In the meantime, I recommend that you look for the forward P/E article on FactSet insight blog.