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Video: Contrarian Timing for S&P 500, Dollar, & AUDJPY

Video: Contrarian Timing for S&P 500, Dollar, & AUDJPY

2015-04-07 21:23:00
John Kicklighter, Chief Strategist
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Talking Points:

• Debates over the extension versus reversal of market trends intensify with age and momentum

• What time frame charts we look at, the emphasis on fundamentals and other factors support timing

• We look at the contrarian time frames for the S&P 500, US Dollar and the Aussie crosses

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

The calls for and fear of an S&P 500 reversal have grown to a dull roar with technical, fundamental and market condition reasons raised for the inevitable. However, there have been sound arguments for a correction from this benchmark for months - and some would say years. When is the threat of reversal near-term versus long-term? From a technical perspective, the scale with which the 'extreme' move is developed is important - a multi-year build up will not likely reverse in a single day. Further, fundamentals (growth forecasts, earnings expectations, interest rate views) take longer to develop and sway the markets than technical factors. We look at the trend versus reversal evaluation using the S&P 500, US Dollar and Australian Dollar crosses for examples in today's Strategy Video.

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