SPX500 weakening momentum with significant resistances ahead

١٩ أغسطس ٢٠١٥

Even if the fed starts QE4 tomorrow the geopolitical factors from EMs, China, currency wars, Russia and potential Eurozone crisis might be enough to take us lower. Cheap and plentiful goods won't be so cheap and plentiful over the next few years, and our industrial output can't pick up that slack instantly. Outlook should not be positive at our current valuations.