S&P 500 IndexShort
Market Down!
Been warning about the SPX hitting a strong resistance towards the top of the current upward trending channel.
Been suggesting to BUY GOLD and VOLATILITY (see other posts below).
Correction now clearly engaged with Tech leading us down faster, after its beautiful run.
How long this will last is unknown. However, please note the following:
- Long term uptrend still on for now
- Next levels down I would watch are 2,867 - 2,844 - 2,823
- Next levels up I would watch are 2,890 and 2,920
This emergence of volatility might also provide interesting trading opportunities
Safe trading
Been suggesting to BUY GOLD and VOLATILITY (see other posts below).
Correction now clearly engaged with Tech leading us down faster, after its beautiful run.
How long this will last is unknown. However, please note the following:
- Long term uptrend still on for now
- Next levels down I would watch are 2,867 - 2,844 - 2,823
- Next levels up I would watch are 2,890 and 2,920
This emergence of volatility might also provide interesting trading opportunities
Safe trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.