SP500 waiting for moves
Updated
Arguments for break of resistance up:
On the other side:
Look at the charts and then read the news. A major collapse could happen in January / February.
This could be anything from failing debt repayments after covid loans, mortgages not being paid due to increased interest etc..
But this is just speculations
Currently no trade
But watching this.
- 7+ divergences
- Support on current level
- Economic conditions are more positive than media says
- 20%+ correction already in place
On the other side:
Look at the charts and then read the news. A major collapse could happen in January / February.
This could be anything from failing debt repayments after covid loans, mortgages not being paid due to increased interest etc..
But this is just speculations
- Trend is clearly downward, if resistance again.. bear time
- RSI already high in bought zones
- Well.. anything can happen
Currently no trade
But watching this.
Note
Trade active
My best estimation is a blow off top at 5700-6000. See you in 6 months (or if stop loss hit.. seriously… use a stop loss)
Trade active
Note
Up by 20%, 1000 points till closing trade
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