KoosKanmar

$SPX There's more than one way to skin a cat

SPCFD:SPX   S&P 500 Index
V- Shaped recovery ? The idea behind a bear rally is to trap bulls. Once they are trapped and the market drops, they become forced sellers, creating the momentum to drive the market lower. Before you develop tunnel vision, also take note of the possible bearish flag that could be developing. This would take the SPX to 1800. Nothing cast in stone here. Take the opportunities as they come, but also keep an open mind. Short term trading.

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Trades at the same R zone we visited twice before now. IMO turn lower again soon, probably a lot lower. ERs gonna be terribad.
+1 Reply
logica DaddySawbucks
@DaddySawbucks, ER = earning report?
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@logica, Yeas, they will be out late April into early May and they will surely give poor guidance for Q2, as well as reporting Q1.
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