Global-Investa

S&P 500 - The calm before the storm

SPCFD:SPX   S&P 500 Index
The upward trend in the S&P 500 remains intact. This will probably not change until 19 February.
The price target and movement high is currently USD 3,971. At this point, however, caution is advised! All long positions should at least be hedged, as we expect a decline until 01 March for the time being.
The probability of a decline is about 80 %.

(Our turning dates have an average tolerance of 3 days. In 80 % of the cases it is 2 days).

Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.

Comments

19 Feb was the peak in 2020 also. The EOM selloff in Jan matched dates perfectly, eerie!
Reply
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