FA
FED is going to pump Monday Pre-market.
70~80% will be on big corporation stocks, aka Bailouts or QE. They also heavily involved in foreign market exchanges by creating more liquidity (printing more money).
However, things will be in the same pattern, as their attempts are temporary. Evidence is 2008, after injecting lots of cash into the market, it went up, then proceeded to the unavoidable crash.
Still, this crash is small. There will be a bounce as FOMO people are looking for a buy.
-Good news: none. Basically, they are all about politics. Trump is only trying to please his voters, all good news is all questionable.
-More earnings are coming. Investors might have to think about what they're buying.
TA
The biggest resistance will be 295 for SPX (2955 for Sp500).\ - pink line (61.8% retracement). Stock will definitely have a hard to break this one.
- I was wrong when I thought the drop started at 50% retracement.
The 288 level is basically a support that became a resistance. With the pumps that the FED is about to make 288 level will likely be broken.
Bottom line: Open high. Good for short.
Good luck and thanks for being patient.
FED is going to pump Monday Pre-market.
70~80% will be on big corporation stocks, aka Bailouts or QE. They also heavily involved in foreign market exchanges by creating more liquidity (printing more money).
However, things will be in the same pattern, as their attempts are temporary. Evidence is 2008, after injecting lots of cash into the market, it went up, then proceeded to the unavoidable crash.
Still, this crash is small. There will be a bounce as FOMO people are looking for a buy.
-Good news: none. Basically, they are all about politics. Trump is only trying to please his voters, all good news is all questionable.
-More earnings are coming. Investors might have to think about what they're buying.
TA
The biggest resistance will be 295 for SPX (2955 for Sp500).\ - pink line (61.8% retracement). Stock will definitely have a hard to break this one.
- I was wrong when I thought the drop started at 50% retracement.
The 288 level is basically a support that became a resistance. With the pumps that the FED is about to make 288 level will likely be broken.
Bottom line: Open high. Good for short.
Good luck and thanks for being patient.
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.
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.