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Spx500long

SPX - Cautious/Neutral as Rally and support breaks$SPX has broken rally and first levels of support. After being bullish from May 31 until late July, a few weeks ago I pointed to 2,940 in my weekly-email as a level where I might get more bearish and we're right there now. We'll see how the market closes, but unless it closes above 3,000 (unlikely) I'll be cautious for a few weeks. Cautious doesn't mean I'm expecting any kind of crash. In fact, I'd expect a grinding pullback or sideways decline, and then a buyable dip. This week's newsletter will be key: join my free -email newsletter marketmindtrading.com
AMEX:SPY
by marketmind3
SPX500 - BULL channel confirmed Too early to short the market especially before Fed cut and face to face meeting in China and no spending limit for US Government. Talks are resuming, Fed will most likely cut by 50pts. No chance for bears in spite of technical signals. Trump is using all his power in influence to prop this market into the super bubble. He needs it to win 2020 election, so prepare for a bumpy ride up. There will be some retraces, but only to get more buyers on the side. TP: 3020, TP2: 3040. Let's roll ppl.
OANDA:SPX500USDLong
by maxaus
SPX500 - FED 50pts cut!!! LONG intactFeds are now started talking about 50pts cut at the end of July. If this is the case expect total melt up pass 3041 to 3087 level following vast sell off. The reason for the following sell off will be public doubt about Feds policy and that the economic situation is far worse, hence Feds late to the party and trying to catch up with 50 basis pts cut. As per my older post I'm still long with closing positions 3041. Watch for more upcoming pumping dumping news.
OANDA:SPX500USDLong
by maxaus