S&P500 - Despite the optimism we're seeing in the markets today, I wouldn't go on a buying spree right away.
Many setups have been popping up but I still believe we're in a bad phase right now and there is a high chance for markets to sell off and make new lows.
What the catalyst might be, I don't know... Maybe Trump will not acknowledge the results ? Who knows
What I do know is that it's possible we're in a Flat correction here (or next leg of a sideways Triangle) therefore be particularly careful because the potential sell off could be very sharp!
Many setups have been popping up but I still believe we're in a bad phase right now and there is a high chance for markets to sell off and make new lows.
What the catalyst might be, I don't know... Maybe Trump will not acknowledge the results ? Who knows
What I do know is that it's possible we're in a Flat correction here (or next leg of a sideways Triangle) therefore be particularly careful because the potential sell off could be very sharp!
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.