SPDR S&P 500 (SPY): While some of your predicition have been...

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Re: Agoura Guy post# 365654

Sunday, 12/04/2022 7:51:31 PM

Sunday, December 04, 2022 7:51:31 PM

While some of your predicition have been correct. Have to disagree with this one.

EU sanctions will have no effect on Russia. This is just sabre rattling. Russia has strong alliances with China and India. Their relationships with long term U.S. partner, Saudia Arabia is begining to take hold. Russia will find a way around this and they probably already have.

The EU is about to pay a heavy price for siding with Uncle Sam.

Oil headed to the 60 - 65, in the next two months.

SPX also headed lower by all technical analysis. But the fed can keep it afloat for a while longer.

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