ANALYSIS PLAYING OUT AS PREDICTED.
BASED OF THE WEEKLY LAST SELL TO BUY CANDLE IN WHICH I HAVE USED 50% AS A KEY TARGET AREA. 3600 USED AS RESISTANCE LEVEL. CONSIDERING LATEST LOCKDOWN NEWS, I PREDICT SPX WILL RESPECT THE 3600 KEY LEVEL AND SHORT DOWN. APPROX 1 TO 12 RATIO. WATCH ON SMALLER TIMEFRAME TO FIND EXHAUSTION CANDLES OR SIGNS OF REJECTION ONCE AT THE 3600 LEVEL. MAY ALSO FAKE-OUT TO...
MY THEORY ON GOLD FOR VISUAL PURPOSES
PREDICTIONS FOR NEXT WEEK. REJECTING OF 68.1% KEY AREA, FAILURE TO BREAK THUS FAR. RESPECTING DOWNTREND TRENDLINES. POTENTIAL SHORT SELL LIMIT OR EVEN MARKET EXECUTION.