Enter your emailThe S&P 500 has been all over the place during the trading session on Thursday, as it was the end of the month and of course, rebalancing occurs.
. If you were trading the index during the trading session on Thursday, you’ll most certainly get chopped up during the day, because the swings were pretty wild. The NASDAQ 100 was even worse as per usual.Short-term bounce should be a nice selling opportunity yet again, because the market is in such a bearish place, and there’s really nothing to suggest that the economy is going to turn around.
The Federal Reserve is going to tighten until something breaks, and that something might just well be the S&P 500. Truthfully, it’s probably going to be found in the credit markets, but that’s not something most retail traders have access to. All indices look very bearish to me at the moment, because even with the Bank of Japan loosening its monetary policy, even the Nikkei 225 is struggling to gain.