Any thoughts on the bottom SP for the tax loss selling season?
Current trend is not looking great but I highly doubt it will end up at 1 pip. I'm thinking around 0.005 to 0.006 again. Rinse and repeat of last year just not as steep. More sideways with gradual pip downs until it wraps up end of June.
This is not meant to upset anyone but this is the current reality IMO. The Capricorn announcements have somehow not created any positive buying momentum. Since Capricorn bought in at a discount at the red peak, things haven't been great. The SP has not been close to that peak since which was 1.8. Second peak was at 1.2 which was their actual buy in price.
Thoughts?
Warmest regards,
PD
SPX Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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