Just sitting back and watching... (see previous post for analysis)
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I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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Hit the follow and shoot us a like for updates. Cheers
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Note
As expected, we have broken out of the bullish uptrend channel since 2009. Price still tanking and RSI is at oversold levels. Would be waiting for support for a possible scalp/dead cat bounce, and then short again.Note
A 2 Trillion dollar stimulus plan later and we're back inside the bull trend channel, but I'm not convinced. Two weeks in a row the SPX has been stopped short of breaking the 200 MA around just under 2670. Until this is broken and we fine confirmed support, I'm still bearish until other indicators show reason to be otherwise.
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.