Forecast completed by Sp500 ✅ Trees have grown to high sky?

6 jun 2023

As we predicted earlier in the short-term forecast, the Sp500 index reached 4300 points, although not many people believed in it.

Now there is euphoria and the FOMO effect: money from private investors has already flowed into US stocks.
There is extreme greed in the market!
And how greed ends in the market - all more or less experienced investors know ...

Small oversold companies still have a large number of shorts, which means that there is a high probability of fast short squeezes from +20 to +80%!
Don't buy stocks just because they've gone up a lot!
Now is not the time to do that.

What to expect next from the Sp500? 🔮

Unfortunately, the situation is not in favor of growth for the index.
In the US, the government debt ceiling has been raised, which means that the US Treasury Department will borrow $1-2 trillion until the end of September 2023.
Also now there is a withdrawal of liquidity from the Fed - all this together will play a negative role on SPX .

In the late month, the index grows by only 5-7 companies, this shows the weakness of the index.
The shares of the IT sector look the best.
But deteriorating conditions in the US economy will weigh heavily on these stocks.

🔰 According to Sp500 forecast 4000p, and then 3800p.

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