S&P June Stock Market Lows - To Break or Not to Break?

Stock-Markets / Stock Market 2022 Sep 26, 2022 - 10:13 PM GMT

Stock Market - To break the June Low or not to break the June low, that is the question?

Or is it? Yes the S&P priced in sterling really did trade at an new all time high in August!

So the bear market pain flows both ways, pain for those seeing stocks fall to June lows and pain for those unable to participate in the sell off because US stocks are failing to drop in ones domestic currency presenting very few buying opportunities such as AMD that has come tantalising close to it's June low in GBP.

(Charts courtesy of stockcharts.com)

This analysis is an excerpt from Can the Stock Market Hold June Lows Despite Spiking Yields and Dollar Panic Buying? that was as first made available to patrons who support my work.So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $4 per month. https://www.patreon.com/Nadeem_Walayat.

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Your watching the British pound burn at the official rate of 9.4% per annum analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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