Vantagepoint AI

Vantage Point AI Market Outlook for December 16, 2019 | Signs of Dollar Strength Incoming

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Sinopsis

here's been a number of articles posted about this guy's record outflows coming out of the equity markets, 160 billion, more than the S&P or more now than what there was in 2008 and 2009. But just remember in 2008 and 2009 that was one of the best buying opportunities in history in the global equity markets. That's a fact. That's not fiction. Okay. So when we look at that and we look at these record outflows, most of the retail traders missed that move in 2009 and I personally believe that those outflows are showing retail traders that are unwilling to stay in this very uncomfortable long trade. So they exit.So, it shows outflows. But again, the S&P is still, I do expect it to take one more pullback, but it's a question of how deep that pullback is going to be. We have good support at 3132.00, we're looking for that to hold, but more importantly, I'm looking for the lower end of this verified support zone at 3072.00, this most recent sell-off, that reversed very quickly, I might add. We're looking for