US500 S&P LONG Hello traders,
this is my analysis for CURRENCYCOM:US500 and the way I will operate.
Post your idea/analysis below for discussion.
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Us500longterm
SPX500USD UPDATEFOLLOWING OUR PREVIOUS IDEA OF A SUBWAVE 4 TO WAVE 5, WE SEEM TO BE ENDING THE BULLRUN AND ENTER ANOTHER CORRECTIE PHASE, WITH DISTRIBUTION (MANIPULATION OF HIGHS) BUILDING UP AND A ENDING DIAGONAL OF THE SUB WAVE 5. THE DECLINE START OR CONTINUE FROM THE NEW YEAR. TRADE SAFE AND HAPPY COMING HOLIDAYS
US 500 HAS REACHED THE LOWER SIDE OF THE TRENDLINE WHO WILL WIN?US500
Has reached the lower side of the trend line which is a critical level for both bull and bear.If the trendline was broken we can expect downward rally if the bull managed to hold the ground from the trendline support it will bounce back towards North.
Tell us your opinion about NASDAQ in the comment section
S&P 500 THE HUGE RISESo this is my anticipation on S&P 500 i think its now going for 4000- . Same as Gold and other US indices. I actually think the Covid-19 crash actually increased the cahnces of this huge incoming rise. So lets just all wait and see but im definitely going long and i think the US elections will pump it more. Suggestions in the comment section.
US500 series of rising and sudden drop happeningUS500
As the economic activity hasn't picked up as expected in second quarter of this year. In some part of the US the economic slow down is further accelerating and many of the skilled and non skilled workers are unable to return to the duty. This has reflected in company growth and overall economic growth is still intact as earlier forecasted by OECD.
After reaching the September high around 3600.00 (which is a key psychological level) the trend has reversed towards south as the pause in vaccine development and the surging of daily virus cases
We can see a series of rising and sudden drop in the prices with the bear flag formations. And trading in a downward channel. I am expecting that the price will continue to run lower towards 3000.00 level. From this level we can expect shift in the momentum towards bullish
The price is currently trading below the 50% Fibonacci and the next downside target would be 61.8% Fibonacci level comes around 3188.00
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SP500 Short Cover - 13:10:34 (UTC) Mon May 4, 2020I will be looking to cover my short positions at $2,719.00
