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SerenityEquity
Apr 7, 2020 7:01 PM

2020 BEARMARKET IS IN - MOVE LIKE 2008 Short

CME_MINI:ES1!3D
E-mini S&P 500 FuturesCME

Description

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based on current fibonacci extension levels we might see a drop to 2000-1800 levels.
compared to the 2008 recession this could be the best chance to step into the market.

Comment

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s&p just hit the 0.5 fib level on the daily chart. (resistance)
i could see a drop from here on but i wouldnt be suprised if we hit the 0.618 fib level before.
Trend AnalysisChart PatternsBeyond Technical AnalysisSPX (S&P 500 Index)minisp500S&P 500 E-Mini FutureseconomybearmarketrecessionS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) spyshort
Comments
Snead
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Spx continued to move up period Aug 2019 til Feb 2020 - BTC same period di not follow
SerenityEquity
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@Snead, btc started following traditional markets since the first major breakdown around 13th february.
Snead
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@colucciano, I agree on this point. Do you have any levels which corssed make you bullish? On fundamental view I am with you
SerenityEquity
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@Snead, a close above 2900$ (0.618 fib level) would most likely change my bias to bullish from the technical analysis perspective.
CryptoCheck-
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LINK can Explode 100%
CryptoCheck-
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perfect work
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