S&P 500| SHORT INCOMING | DECRYPTERS
Hi people welcome to Team Decrypters
POTENTIAL SHORT SETUP
We Expecting short term Retracement At least ( orange path)
Long term Target ( yellow path could be followed )
FED has cleared they will Keep Rate hikes ELEVATED for long time , Markets are pricing in Future Rate cuts
i don't think there will be ANY RATE CUTS ,probably 1 more Rate hike and than pause and than keep the RATE HIKES Stay There.
People will Start to spend Less
This will Surely cause RECESSIONARY ENVIOREMENT
Which will cause Earnings to DROPS , Meaning Companies EVALUATION will DROP
Markets Can even CRASH IN MY OPINION ( circumstances can change later but for not it SEEMS)
NOTE :- NASDAQ PREVIOUS CHART linked so in short Nasdaq will Follow S&P 500 Same things Apply for NASDAQ
POTENTIAL SHORT SETUP
We Expecting short term Retracement At least ( orange path)
Long term Target ( yellow path could be followed )
FED has cleared they will Keep Rate hikes ELEVATED for long time , Markets are pricing in Future Rate cuts
i don't think there will be ANY RATE CUTS ,probably 1 more Rate hike and than pause and than keep the RATE HIKES Stay There.
People will Start to spend Less
This will Surely cause RECESSIONARY ENVIOREMENT
Which will cause Earnings to DROPS , Meaning Companies EVALUATION will DROP
Markets Can even CRASH IN MY OPINION ( circumstances can change later but for not it SEEMS)
NOTE :- NASDAQ PREVIOUS CHART linked so in short Nasdaq will Follow S&P 500 Same things Apply for NASDAQ
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