SPX BOUNCE? No crash, yet.
I believe we're not at the crash everyone is forecasting. We still have one big event that can lift investors sentiment, the US and China deal. Once we get finalization of the deal, this will create a brief rally to the top. After we get that out of the way, we will fall, fall, fall!
What to watch:
- 3 area of a bounce can occur: 2700 (span B), 2650~(9 Day avg line), 2600~ (26 day avg line)
- Ichimoku (1 week chart) show bullish signs for the short term.
- Watch Tech stocks for a buy (Christmas 2018 flashback?)
- In the coming weeks or month, bearish cloud shows bears will then take control.
I would love to hear your input!
Trade at your own risk.
What to watch:
- 3 area of a bounce can occur: 2700 (span B), 2650~(9 Day avg line), 2600~ (26 day avg line)
- Ichimoku (1 week chart) show bullish signs for the short term.
- Watch Tech stocks for a buy (Christmas 2018 flashback?)
- In the coming weeks or month, bearish cloud shows bears will then take control.
I would love to hear your input!
Trade at your own risk.
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