Hello everyone!
When the world goes lockdown on Wave 2, the US remains in lockdown since March, and guess what, it was a pretty damn good March to November for the US Indices.
Despite losses in major fields, tech companies showed significant growth and revenue, pharmaceutical companies were on the spot as well, and in general despite DXY dropping since then, SPX for example pumped up higher than ever this year, so I'm guessing if we are going to see more surprises in the market.
From the technical point of view, I think the wave count might be incorrect because of the curve-shaped previous impulse, though looks perfect to me, but in general the direction is right.
SPX is about to break out of the triangle and move towards new highs, which I'm guessing could be 3600. Though before we get super excited and place long on SPX here, I'd highly recommend to see the next actions inside the triangle.
When the world goes lockdown on Wave 2, the US remains in lockdown since March, and guess what, it was a pretty damn good March to November for the US Indices.
Despite losses in major fields, tech companies showed significant growth and revenue, pharmaceutical companies were on the spot as well, and in general despite DXY dropping since then, SPX for example pumped up higher than ever this year, so I'm guessing if we are going to see more surprises in the market.
From the technical point of view, I think the wave count might be incorrect because of the curve-shaped previous impulse, though looks perfect to me, but in general the direction is right.
SPX is about to break out of the triangle and move towards new highs, which I'm guessing could be 3600. Though before we get super excited and place long on SPX here, I'd highly recommend to see the next actions inside the triangle.
Trade closed: target reached