S&P500 - Donald Trump Is Crashing Markets!

Mar 10

S&P500 (SPX) is starting a correction:



Click chart above to see the detailed analysis👆🏻

Since Donald Trump was elected the markets have been super volatile and clearly not too easy to trade. But now it seems like bears are slowly taking over the entire U.S. stock market after we just saw a drop of -10% within a couple of days and a correction becomes more and more likely.

Levels to watch: $6.100, $4.800

Keep your long term vision,
Philip (BasicTrading)

Mar 18

Trade active

Trading update on S&P500 (SPX):



Click chart above to see the detailed analysis👆🏻

While the S&P500 is creating significant volatility, the overall trend over the past couple of days has still been clearly bearish. However on the higher timeframe the recent drop is just an expected pullback and nothing too crazy (yet), and every major dip will be a buying opportunity.

Levels to watch: $6.100, $4.800

Keep your long term vision,
Philip (BasicTrading)

Mar 26

Trade closed: target reached

Trading update on S&P500 (SPX):



Click chart above to see the detailed analysis👆🏻

We still have a couple of days before we see the monthly candle of March closing, but with a rather large red body, this candle doesn't look too promising. Just look at the candle which we saw in the beginning of 2022 and what happened over the following months.

Levels to watch: $6.100, $4.800

Keep your long term vision,
Philip (BasicTrading)