Is the US stock market going to falling into a correction?
The US stock market closed this week in the red zone. The S&P500 index could not preserve the level 3000 and we saw that somebody was selling off the equities during last couple of days.
Why it might be so important? As we know the stock market is pretty overbought especially such the giants like Amazon, Facebook and so on. As far as I know plenty of traders are waiting a quite strong correction (10-30%) and there is the crucial question for many traders, I mean, is it the new correction or it is just the trap for bears?
By the way does anybody have a short position in S&P500 and what is the price?
(http://i66.tinypic.com/aeqrz5.png)
Why it might be so important? As we know the stock market is pretty overbought especially such the giants like Amazon, Facebook and so on. As far as I know plenty of traders are waiting a quite strong correction (10-30%) and there is the crucial question for many traders, I mean, is it the new correction or it is just the trap for bears?
By the way does anybody have a short position in S&P500 and what is the price?
(http://i66.tinypic.com/aeqrz5.png)
