Hello Guys
I believe this big pin bar will fail soon!
it is made because many indicators say S&p 500 is oversold. and so many retail investors like you, bought it. but don't forget that you have no money comparing banks and companies like GS and JPM ...
do not buy until Fed speech outcome 1-2 days later on Wednesday.
be patient
Hello guys.
this is logarithmic view of weekly SPX.
and as you can see , s&p 500 has a big bubble . I think it is not time to buy in this atmosphere.
pay attention to Fed speech this week and then decide .
if Fed speed up rate hikes, SPX can reach to low of this channel in 1-2 months.
thanks for your likes :)
Hello guys!
on Above chart you can see spx at the bottom and spx/vix at the top, as you can see, spx/vix tends to move in a rising channel and every time it breaks below its rising channel (red lines), S&P 500 will go in a big correction (correction+sideways) or even depression. :(
unfortunately on 19 jan 2022, we closed below the trend.
**now how far it can...
