SPX500USD Regular Flat LONG
Details on chart
Note
My opinion from a fundamental point of view:QE probably ends, but as powell said, he has other tools to support the economy. Another tool is to keep the usd low. We've seen it over the last few weeks, even though european and asian central banks have bought the usd, it has gone down. Now, the Japanese central bank has announced that it will not buy more usd. Therefore, i expect the usd to continue to fall.
As a result, the tariffs on u.s. American products imposed by European and Asian countries will be offset by the favorable u.s. dollar.
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Note
it seems that the abc regular flat has changed to the wxyxz correction.We can now see from the alleged wave z that a bullish divergence is forming.
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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.