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Apr 19, 2020 9:55 PM

S&P BUBBLEBURST COULD BE IMMINENT Short

S&P 500 IndexTVC

Description

POTUS is making promises causing the market to be too optimistic. Longing here would be (IMO) very risky. I heavily expect a big drop and therefore I´ll wait for a better price to buy.

Comment

Pandemic not Pandamic ^^

Comment

A closer look: +DMA is above the -DMA with the ADX rising suggesting a strengthening (short-term) uptrend. MACD with increasing divergence supporting the short term uptrend. Next real resistance is at 2892 and a further (unlikely) bull-trend is confirmed once we break through the 2892 lvl.

Comments
PropTraderNZ
great multi confirmation analysis
DMark1
Great analysis. Did you factor in all the government stimulus dumped into the economy this time around?
humdan666
@DMark1, ooh burn
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