A Realistic Target of 4,200 is 2.74% Away
Today we witnessed another bullish attempt of a multi-day rally that took the
S&P 500 to a closing price of 4,088. In my last couple of articles, I have
mentioned
Local Optima
Upward Movement Beginning to Stall
It's still too early in the week to guarantee that there won't be a rally that
recovers part of the losses of this Correction, however today there was no
Fake Until Proven Real
Finally we saw the Market rally even if it was just for a day. That might give
some hope or calm down the fears fueling the Correction. My perspective about
the upward price
Marginal Changes in Most Important Indexes
The Fed actions trying to control the inflation have been sinking the Market for
a while now. Today the San Francisco Fed President made some positive comments
about the strength of the USA
The Prevailing Consensus can be Wrong
Today the CPI report was the most expected piece of information in the Markets.
The prevailing consensus was that there would be at least a slight decline in
the inflation numbers. Now that