LY31 trade ideas
asset class comparison flow spring 2020 crash(es)sp500, us treasures and gold flow and anti-correlations
S&P 500 long term for buyS&P 500 has exceeded the bottom of the bullish channel, which initially indicates a slower growth rate. The index fluctuates between support at around 2840 points and resistance at around 2940 points. A crossing of one of the two levels can indicate the direction of development to come. The index is considered to be slightly positive for the medium to long term.
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Weekly RSI overbought can we expect retracement ?Last two times on weekly timeframe we touched the 73 RSI we had a 10%ish retracement.
Can we expect the same this time ?
