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KoosKanmar
Apr 6, 2020 2:33 PM

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

S&P 500SP

Description

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.
Comments
DaddySawbucks
Trades at the same R zone we visited twice before now. IMO turn lower again soon, probably a lot lower. ERs gonna be terribad.
logica
@DaddySawbucks, ER = earning report?
DaddySawbucks
@arykg, 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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