S&P500 Forecast Update. #SPX potentially in position for a short – down to our long entry zone. Traders who decide to go short at this point should have relatively tight stops and be aiming for a 4 to 1 return ratio. Ultimately we believe the S&P is going up in the 2nd quarter of the year and there is always a risk that the upwards trend has resumed – as you never get a warning!
We still have quite a large range to aim for but still feel it’s going to at least 3700 before beginning it’s next run up!
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As always our posts are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.