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Melroy89
Apr 17, 2020 11:29 PM

S&P 500 (IT) predication by Melroy Short

ISHARES S&P 500 INFORMATION TECHNOLOGY SECTOR UCITS ETFSWB

Description

Looking at the support levels of the past, as well as some other technical indicators (MACD). It seems you could go long on the S&P 500 in the short notice.
However, it will properly not take long before there will be yet another correction taking place, due to the Corona virus. Since the economy is and will be effected, including real estate, oil and businesses in general.

You're looking at the daily time period chart of the S&P 500 Information Technology sector with ticker QDVE with Heikin-Ashi candles.
Comments
Melroy89
Actually my prediction was quite accurate
Melroy89
MACD Chart (if you want): i.ibb.co/bNrPmV0/macd.png
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