Change Your Mindset to Profit from the Upcoming Market DipAt this stage of the game, there are genuinely too many things to list that would back up the idea of an impending drop in the market.
Instead of eating, sleeping breathing FUD and living in the fear based, scarcity mindset and focusing on how “the market is going to crash” I encourage everyone to see the clearance buffet we are about to have in front of us.
We are about to have an opportunity for generational wealth transfer style profit making. Many missed the ultimate BTFD moment (COVID) but I believe we’re in for a mini round 2. The bigger the dip, the bigger the rip and I’m being a bit facetious here but I mean it.
If you’re gonna rob a bank, are you gonna plan how to do it ahead of time, or just walk in? You know the phrase get away with murder? Well, the people who get away with it are the people who plan it and not the ones who do it impulsively in the moment!
So get ready for the murder of the market that brings a traditional Christmas pump. If you're uncomfortable trading chop, spend this time:
1. Charting High Time Frame on Fundamentally Sound Tickers
2. Setting Alerts at Buy Zones
3. Waiting
Spend this time making all of the money you can OUTSIDE of the market so when opportunity presents itself (massive fear and a drop) to be bought you have the opportunity to do so.
Sxp500
SXP HIGH RISK HIGH REWARDPair: SXP/USDT
Type: Regular
Suggested entry: Under $4
Suggested Targets: $4.9, $5.9, $7.19, $8
Reason: Price broke resistance zone which is now acting as a supporting zone.
This is a risky call. I'd suggest a small bag, hold it. You can set your own SL. I'm not setting any myself at this time. This is subject to change.
Remember, everything is suggested. The final decision is always yours. I'm not your financial advisor.
S&P 500 LONGHere is my Fibonacci strategy i am trying out...
After marking my key zones of
- Support and Resistance and observing higher lows in the Downtrend i was anticipating for a Trend change to the upside.
- i then watched this Bullish push to the next level of resistance which it strongly rejected.
- Now i will be hoping for a pullback to around the 0.7 on the fib, in which i was go long and enter on the 5m - 15m Time frame.
SL - 3739 (1 on the fib)
TP1 - 3796 (0.382 on the fib)
TP2 - 0 on the fib, or just let it run
Any feedback is appreciated if you trade with a similar strategy drop me a message! Cheers ( ALSO using a free Fib indicator on this chart )
S&P is breaking upwards sooner or later and Bitcoin will followAscending triangle on S$P daily, Double bottom to form soon on hourly. We get to test the previous ATH. Bitcoin correlation very strong. It will follow and test 10500.
S&P - Short OpportunityThere is an opportunity to short the S&P on 61.8 FIB retracement of H: 2874 - L: 2840, indicating commencement of Elliot Wave 3 on the 5 minute chart and lending power to the start of Wave 3 on M60.
We have a Wave 3 confluence on both time frames.
- Short entries may be initiated between 2862 - 2857
- Stop Losses should be above the swing high of corrective 2867 (short term) and 2874 (long term)
- Target Point A: 2875
Wall Street Stays FlatUS stocks have not seen any major changes this week, staying uncharacteristically calm despite headlines such as the oil price crash. The Dow Jones gained 457 points on its Wednesday session, a jump of 2%. It is now trading at 23,400 points on the hourly chart. Likewise, the S&P 500 and NASDAQ indices saw similar gains, climbing 2.3% and 2,8%, respectively.
However, this is most likely as investors are also still awaiting news such as this week’s jobless claims data. Latest predictions expect around 4.2 million new unemployment claims to be filed, bringing the total up to 26 million claims in just 5 weeks.
Likewise, the US Senate just passed another bill to aid in the fight against the coronavirus in the State. After weeks of negotiations, the Senate passed a $500 billion bill in order to help small businesses, and it is expected to go to the House of Representatives later this week. This news did give some relief to the stock markets, as they now look to extend their gains for the second session in a row.
But there are reasons to continue being bearish about the stock market. Investors are vying for stocks to gain momentum again, with news such President Trump pushing state governors to ease their lockdowns and begin reopening their state borders again.
However, reopening so early, before the virus is under control, poses the risk of a wave of new infections flooding in. This poses the risk of causing more damage to the economy in the long term. Despite Trump’s eagerness to reopen the economy and start recovering the damage that virus has caused the stock market, the opposite could end up happening if he pulls the trigger too soon.
NEW GREAT DEPRESSION ?There are two scripts white and pink , the main difference between them is how to consider the final reverse of American market during Great Depression whether in 1932 or in 1941. Concerning fundamental factors , there are 2 main factors pointing to dramatic plunge of US economy. The first factor is obvious , COVID - 19. The second one is zero FED rate, so the great number of American people have not opportunity to refinance their debts and mortgage by which there are congested. During long period of time credit used to be backbone of economic growth in developed countries, when FED rate achieved to zero it means that such system stop performing. Probable targets of current plunge are 2151 , 1411, 670