Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
S&P: about to boom?
2020-11-23 • Updated
Have you noticed this W-shaped trajectory of the S&P? Last time, in summer, once it was completed, there was a small period of downward correction right at the end of the W – you may see it marked by the double red line. After that small drop, the S&P went boosted upwards.
Currently, we are right at this local drop at the end of the W-shape. So let’s test our hypothesis of the pattern repetition: if it’s true, the S&P should go upwards all-in as early as next week. Get prepared!
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone