This is a strong assumption, but we saw a huge rebound last week on equity markets that suggest we're not ready yet to enter in a bear market. Moreover, if the US economic numbers are correct, the stock market is oversold.. I'll suggest to buy SPX and play a rebound towards 2100 then will have to see what market is up to...
Target 2095 Stop 1905 (Take half profit at 2020, then place a trailing stop at 1990, "a win position cannot become a lose position")
However, beware!! we said the same in 2007.. So, do not forget! Markets have short memory...
When I speak about US economic numbers, one is enough to say everything : 5.3% (US unemployment rate).
Remember, Fed's decisions are data dependent. (09/04 --> Unemployment rate expected : 5.2%, prior 5.3%)
(Next FOMC Rate Decision : 09/17)
And I just play a rebound because we still do not know the effect on equity markets of a rate hike from the Fed.
We should be very careful, in times like these.
Remember, Fed's decisions are data dependent. (09/04 --> Unemployment rate expected : 5.2%, prior 5.3%)
(Next FOMC Rate Decision : 09/17)
And I just play a rebound because we still do not know the effect on equity markets of a rate hike from the Fed.
We should be very careful, in times like these.