I am not an expert nor a great investor. I am just an ordinary punter who sets aside €100 per month to bet on stocks, shares and forex.
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Sunday, 20 July 2014
140719S&P 500: Uptrend may continue, but downswing is imminent
Click chart to enlarge.
This is a one-year chart of the SPX500 (Tradingview's name for the S&P 500). Even though the Uptrend may continue, it looks like a downswing is imminent, dropping the price from 1976 to at least 1940 over the coming week.
This is one option I will bear in mind for my Shares Punt when the market opens tomorrow.