Welcome to Extreme Investor Network, where we provide unique insights and analysis on the stock market, trading, and Wall Street. Today, we are diving into the recent market sell-off and what it means for investors.
In a recent update, our expert shared their thoughts on the market’s direction, stating, “This week’s sell-off raises questions: Was it just a correction? Or was it the beginning of a downtrend? Seasonal patterns suggest that the low is likely to happen in October, but the future does not always follow the past. For now, it looks like a downtrend, and in the short term, an upward correction may occur.”
With sentiment improving and earnings season in full swing, the market may be changing its downward course. The upcoming FOMC release on Wednesday is also expected to bring volatility and potential buying pressure for stocks.
Our expert’s speculative short position in the S&P 500 futures contract, opened on July 9 at 5,636, remains profitable. Their stock price forecast for July reflects the market’s focus on the Fed’s monetary policy easing, suggesting a medium-term downward reversal is less likely. However, a short-term downward correction may be on the horizon.
For now, the short-term outlook remains bearish. If you want to stay ahead of the curve and receive our exclusive insights, be sure to join our free mailing list. Keep up with our analyses to stay ahead of 99% of investors who may not have access to this valuable information. Join the Extreme Investor Network newsletter today for the latest updates and market insights.