1310 a strong support for SPX while 2210 for NAZ
I expect it to be strongly held. We're NOT at a BEAR market YET.
Oil crashed again today. This will be seen as a positive factor rather than a negative one by Wall ST later.
We are not too far away from the midterm election, not far away from year-end when a rally usually happens.
When all other bubbles(commodity, housing) burst, the safe heaven could be stock market, as this is a US$-domintaed property while economy is not seen in a recession.
So I just don't see too much downside from here. 1310 will be a strong support for SPX while 2210 for NAZ.
Oil crashed again today. This will be seen as a positive factor rather than a negative one by Wall ST later.
We are not too far away from the midterm election, not far away from year-end when a rally usually happens.
When all other bubbles(commodity, housing) burst, the safe heaven could be stock market, as this is a US$-domintaed property while economy is not seen in a recession.
So I just don't see too much downside from here. 1310 will be a strong support for SPX while 2210 for NAZ.
posted by Blue @ 11:26 AM
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