In the next 24 hours, people are expected to see a "touch" and "re-bounce" as the SP500 movements hit the 2018 resistance line.
This is a good opportunity for day trading.
Furthermore, this week, the fed is going to pump money in the market (private, mortgage-backed securities).
+Thursday: 50 billions
+Friday: 500 billions (03/20/2020)
+Monday: 500 billions (03/23/2020)
In addition, the maturity dates are all in May and June.
People can see a green market in the next 48 or potentially whole week (maybe, if people don't panic sell).
Bad scenario: SP500 movements will break the resistance line and proceed to wipe-out 2016 gains. All will happen within weeks.
Volatile market is not over yet.
Good luck trading.
This is a good opportunity for day trading.
Furthermore, this week, the fed is going to pump money in the market (private, mortgage-backed securities).
+Thursday: 50 billions
+Friday: 500 billions (03/20/2020)
+Monday: 500 billions (03/23/2020)
In addition, the maturity dates are all in May and June.
People can see a green market in the next 48 or potentially whole week (maybe, if people don't panic sell).
Bad scenario: SP500 movements will break the resistance line and proceed to wipe-out 2016 gains. All will happen within weeks.
Volatile market is not over yet.
Good luck trading.
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.
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.