TradingView
Simon_says
Apr 7, 2019 9:02 PM

S&P500 will be stopped at $3k per share Short

S&P 500SP

Description

At the moment we are in R -> S move, according to the analysis visible on the picture, I predict that S&P500 will go down after approaching 3k per share.

Subsequently, the market will enter a strong downward move S -> T

The pattern of the analysis remains the same as I published on Feb 13th 2018, however, the size of peaks has shrunk.

I believe "sell" signal will happen as FED will cut interest rates in 2019.

Moreover, unemployment is at a record low, which will get changed soon as in case of previous recessions:
macrotrends.net/1316/us-national-unemployment-rate

Trade active

Trade active

Trade active

There will be more downward movement soon, in the same time XAUUSD will go up!
Good luck everyone!

Trade active

So far my analysis is correct, I believe downside more will happen slowly, it will be gentle but painful depression.

In the same time, XAUUSD and XAGUSD will keep going up, very high, expecting ~8500/OZ for gold and 160/OZ for silver.

Comment

Comments
SunnySra
nice man!
nvlightning
There are no Q's?
Simon_says
@nvlightning, I used different alphabet so, no Q's :)
More