S&P500 could see short-side soon as inching closer to 50%The S&P500 is reaching a resistance area and showed a sell off yesterday. However the 50% level has not quite been reached and could still be in play with another pull up. Downside potential is favorable at the moment therefore I am looking for reversing signals
Usmarkets
Doomsday awaitsThe company has made great strides rooting itself in the world for established territory but the energy is exhausted plus with the worlds current pandemic influencing the economic flow, Bezos has no choice but to sell more in order to innovate and keep the business afloat. More automation will be added to the company as a whole taking away the human element a great deal forcing them to pay more in taxes.
Be ready because demand is, and remember nothing goes straight up or straight down but this is meant for shorting
Be Safe
Here is a buy setup in SLACK. $WORK (Short term trade)Strong probability of Slack to continue moving higher:
1. Technical indicators are bullish and rising,
2. Price is above the two moving averages and acts as support levels.
3. Corona Virus, people working from home and using Slack.
Canopy Growth Corporation $CGCdouble bottom and positive divergence for $CGC. Watch for break out of $25.64
"Translate Bio is heading up"It hit the trend resistance, rsi broke the trend though. This stock would be healthy after it broke $13. However, weekly volume is well above average for two weeks.
SPX Long IdeaJust a trading idea, not trading advice.
Quit the shock of a move over a little bit of virus fear that will almost certainly soon blow over.
Not even 100,000 recorded patients infected to date, with a world population of over 7,700,000,000.
Some predict further, some predict recession, some predict the end of the world.
At least in the short term, I predict a dip that is about to reverse.
Let's see where it goes shall we?
Opinions?
Applied Materials: watching behaviour in the resistence lineAfter the little downtrend from the last days I see a possible entry possition in this stock.
But, I will wait a little bit in order to see how it will bahve in the resistence line.
What do I mean?
If the RSI and Stochastic revert it might indicate that the trend is changing and the price will increase.
Besides, the stock is trading quite below the moving average from the bollinger band (important).
It is also worth to mention that the stock have had performed quite well during 2019 showing a bullish trend (which has been shown with the orange lines).