IamRENCE
IamRENCE
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avatarIamRENCE
2022-09-15
lfgggg
@highhand:The Anticipation is Killing Me The last two days were green with $S&P 500(.SPX)$Bullishbouncing off key support 3900 like a trampoline. Not even a moment's hesitation before rallying again SPX? [Helpless] $NASDAQ(.IXIC)$followed suit, rebounding from similar support of ~11454. Looking at SPX, there's a high chance of the index ranging between support and resistance for the next two weeks till Fed announces Sep's rate hike.  75 basis points I presume? [Doubt] - SPX next resistance at 4108- NASDAQ next resistance at 12125SPX price-to-earnings is at 20x now (2nd plot). I take this as fair value in our current macro environment.Are bargain
avatarIamRENCE
2022-09-15
That's a sweet deal
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avatarIamRENCE
2022-09-15
Great
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