SPDR S&P 500 (SPY): I think if we revisit lows than market i...

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Re: GuTA post# 258613

Sunday, 04/01/2018 3:02:21 PM

Sunday, April 01, 2018 3:02:21 PM

I think if we revisit lows than market is not stopping before 2200 is tested. We ultimately will test 1800 area mid 2019.
All market participants here are not understanding the Feds unwinding of balance sheet and reversal of multi decade of easing interest rate.
It will not be surprise me to see S&P multiples of 11 or below.
Just my 2 cents for SPY.

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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