S&P 500 IndexUpdated US500 have to stop in this area
Everybody is looking for the bottom ,actually i don't , cuz i believe in stability more than snipe a bottom, why not try the old school patterns ?
For S&P500,2,940-3,030 , "for technicals who would like to name exact numbers instead i prefer to mention areas ;)" should be the stops of that rally.
most of the markets made the same pattern which take it to add more about 8% gains before it may think to continue plunging, but who know ? it may not , but what i experienced with my little 5 years with technical, that target should be respected , and yes , even in crises.
For S&P500,2,940-3,030 , "for technicals who would like to name exact numbers instead i prefer to mention areas ;)" should be the stops of that rally.
most of the markets made the same pattern which take it to add more about 8% gains before it may think to continue plunging, but who know ? it may not , but what i experienced with my little 5 years with technical, that target should be respected , and yes , even in crises.
Trade closed: target reached
Sell in May & Go away ..... US stocks has reached the new sell-off areaI think we've done with the first rebound of our way down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.