Either we hold the SMMA 200 and bounce on it like in February or we go for the last emergency support at $4100.
If we break this major support, there is nothing holding us back between $3750 and $3900.
GAFAM results are well below expectations and inflation is becoming more and more present.
CBs have 2 choices:
1. Drive into the wall: don't raise interest rates enough and risk increasing inflation.
2. To go into the ravine: Increase the rates and the confidence of the investors will go away, with as a result an even more violent fall of the market and why not a crisis?
PS: The Central Banks are at fault and they have put millions of people in a difficult situation. It is not sure that the banks will let everyone withdraw their money.
If we break this major support, there is nothing holding us back between $3750 and $3900.
GAFAM results are well below expectations and inflation is becoming more and more present.
CBs have 2 choices:
1. Drive into the wall: don't raise interest rates enough and risk increasing inflation.
2. To go into the ravine: Increase the rates and the confidence of the investors will go away, with as a result an even more violent fall of the market and why not a crisis?
PS: The Central Banks are at fault and they have put millions of people in a difficult situation. It is not sure that the banks will let everyone withdraw their money.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.