S&P 500 IndexShort
S&P500 will be stopped at $3k per share
Updated
At the moment we are in R -> S move, according to the analysis visible on the picture, I predict that S&P500 will go down after approaching 3k per share.
Subsequently, the market will enter a strong downward move S -> T
The pattern of the analysis remains the same as I published on Feb 13th 2018, however, the size of peaks has shrunk.
I believe "sell" signal will happen as FED will cut interest rates in 2019.
Moreover, unemployment is at a record low, which will get changed soon as in case of previous recessions:
macrotrends.net/1316/us-national-unemployment-rate
Subsequently, the market will enter a strong downward move S -> T
The pattern of the analysis remains the same as I published on Feb 13th 2018, however, the size of peaks has shrunk.
I believe "sell" signal will happen as FED will cut interest rates in 2019.
Moreover, unemployment is at a record low, which will get changed soon as in case of previous recessions:
macrotrends.net/1316/us-national-unemployment-rate
Trade active
Trade active
Trade active
There will be more downward movement soon, in the same time XAUUSD will go up! Good luck everyone!
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