SPX monthly chart
SPX on the monthly
Today is the last trading day in November
We note on the chart that it is a negative candle, and we also note that “the last candle formed on the monthly in this way led to a decline of approximately 31.50%.”
Therefore, I recommend liquidating your open positions, buying and watching what may happen over the next few months
The idea fails and we go back to buying in the event of the monthly close above the mentioned negative candle at 4744
We may be wrong and in this case we will buy back
We may be right in this case. We saved our investment portfolios from a decline that we do not want to be in the opposite direction to.
This is my analysis and my personal opinion may be right or wrong
Today is the last trading day in November
We note on the chart that it is a negative candle, and we also note that “the last candle formed on the monthly in this way led to a decline of approximately 31.50%.”
Therefore, I recommend liquidating your open positions, buying and watching what may happen over the next few months
The idea fails and we go back to buying in the event of the monthly close above the mentioned negative candle at 4744
We may be wrong and in this case we will buy back
We may be right in this case. We saved our investment portfolios from a decline that we do not want to be in the opposite direction to.
This is my analysis and my personal opinion may be right or wrong
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