Hi Traders. It's been over a week since i last post any update the S&P500.
In the previous few analysis, i've been calling selling opportunities as price continued to develop signs of a healthy downtrend.
Price dipped below both the 4150 & 3900 as planned.
For now, there are only two questions I'm asking myself:
1. How far could the price stretched?
2. Would it head towards the 3400 area (2020 high, Covid-19)?
Until price shows any evidence of reversal, or else the Bear market is still alive as price shows signs of a healthy downtrend.
Let's observe further rather than jumping into positions. Will keep you all updated.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
In the previous few analysis, i've been calling selling opportunities as price continued to develop signs of a healthy downtrend.
Price dipped below both the 4150 & 3900 as planned.
For now, there are only two questions I'm asking myself:
1. How far could the price stretched?
2. Would it head towards the 3400 area (2020 high, Covid-19)?
Until price shows any evidence of reversal, or else the Bear market is still alive as price shows signs of a healthy downtrend.
Let's observe further rather than jumping into positions. Will keep you all updated.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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