Recent developments proved my
previous prediction on S&P500 Q4 direction to be not accurate, so I adjusted my prediction here:
Two scenarios:
- A. S&P will reach 1190 in late October then drop
- B. S&P will reach 1250 in mid November then drop
The background for these two scenarios is: the market goes up in the near term due to drop of US Dollar and expectation of Fed's QE2, then after November Election, the expectation of a global slowdown in 2011 will dominate the market and will drive it down.
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