New ath on US500??Long till go wrong. This is rule n.1 after pandemic crash.
You can see on the chart, US500 is still going up with small correction. Corrections are usually around 5%.
Trading in this range is very simple.
Take long on supports and sell on resistance.
But it's also important to be carefull, bcs everybody are starting bullish and this is time to be bearish. In the market can not win everybody.
When this index is in the channel, there is still good oportunity to take longs.
Sap500
Markets Will FallMarch 2020 uptrend has been broken under for some weeks now. we will distribute and send the markets down to test around the previous high before the cascade.
SPX to follow in the path of QQQ?!A scenario that I can see playing out with the SPX is very simple, identical price action to what was seen with the QQQ in the last couple months. Price is going to make quick work of the previous ATH not giving an inch to the short sellers, achieve a new ATH a few percent higher before tapping the previous ATH to launch the index to a yearly high of 3700.
After a correction, its time to climb up. Target: ~3600 15-20sepAfter a correction, its time to climb up. Target: ~3600 15-20sep
