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S&P 500 Index
Short

S&P BUBBLEBURST COULD BE IMMINENT

By TEX-ANALYTICS
Updated
POTUS is making promises causing the market to be too optimistic. Longing here would be (IMO) very risky. I heavily expect a big drop and therefore I´ll wait for a better price to buy.
Comment
Pandemic not Pandamic ^^
Comment
A closer look: +DMA is above the -DMA with the ADX rising suggesting a strengthening (short-term) uptrend. MACD with increasing divergence supporting the short term uptrend. Next real resistance is at 2892 and a further (unlikely) bull-trend is confirmed once we break through the 2892 lvl.

snapshot
bubbleburstHarmonic PatternsTechnical IndicatorsshortS&P 500 (SPX500)spx500shortTrend Analysis

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