S&P500 - Bulls still not out of the woods ...
S&P500 - Despite the optimism we're seeing in the markets today, I wouldn't go on a buying spree right away.
Many setups have been popping up but I still believe we're in a bad phase right now and there is a high chance for markets to sell off and make new lows.
What the catalyst might be, I don't know... Maybe Trump will not acknowledge the results ? Who knows
What I do know is that it's possible we're in a Flat correction here (or next leg of a sideways Triangle) therefore be particularly careful because the potential sell off could be very sharp!
Many setups have been popping up but I still believe we're in a bad phase right now and there is a high chance for markets to sell off and make new lows.
What the catalyst might be, I don't know... Maybe Trump will not acknowledge the results ? Who knows
What I do know is that it's possible we're in a Flat correction here (or next leg of a sideways Triangle) therefore be particularly careful because the potential sell off could be very sharp!
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
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