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Wisdom369 S&P 500 Forecast


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Agree with the forecast. US is in the middle of a social storm (which should pass). Suspect 18th Jan may be a big day for social unrest as many Trump supporters and other nationalists may feel disenfranchised and demonstrate, possibly violently, their frustrations with the system.  This may appear across the country and be interpreted as a negative.

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    • If we could get some news about negotations and a possible ceasefire in Ukraine then i would say this is the bottom https://edition.cnn.com/markets/fear-and-greed "That indicator previously fell to 0 in August 2002, July 2008, September 2011, September 2015, January 2016 and March 2020, observed Hartnett. When it has previously zeroed out, except in the case of a double-dip recession such as 2002 or in the event of systemic events, as in 2008 and 2011, three-month returns have been strong, as the table below shows." https://www.marketwatch.com/story/based-on-history-the-next-bull-market-is-just-months-away-and-could-take-the-s-p-500-to-6000-says-bofa-11655475414
    • The CME Bitcoin futures BTC main contract was at $19,370 late Friday (Chinese time) in New York, up 3.25% from Thursday's New York session, and trading in the $18,630-20,790 range during the session, down 8.87% for the week. the CME Ethereum futures DCR main contract was at $1065.50, up 5.08% from Thursday, and trading in the 1009.50-$1118.00 range, down 13.02% for the week.Maybe there is still a possibility of decline.
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