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7,729.6 s&p/asx 200

07/06 Week, page-221

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ayyjoayy

160 Posts.

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11/06/21

19:35

Post #: 53803970
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Originally posted by kacy: ↑

Yeah, but it don't matter as far as the market is concerned because it is rigged. It will go down when the big players want it to. They are waiting for the S&P500 to hit its long term (21 yr) trend line (see below). The Dow, DAX, Nasdaq and Russell have all hit their long term trend lines and are going sideways. But the S&P500 has been inching up and is now only about 3.5% off its trend line. So, it is very much a buy the dip market until the S&P500 hits its target. Then expect all hell to break loose!

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Need a catalyst. Something like a cyber security internet crash will finally put a dent into the resilient NASDAQ.

XJO Value at posting: 7,312.3
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