SPX500 Break Wedge and retested

FX:SPX500   S&P 500 Index
SPX500 Break Wedge and retested
3700 becomes seller's zone
and lets sell the downside move
to 3640 and 3480
4h Bearish Engulfing formed as well
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Weechat ID:jackedu007


Jack - you are the best... please post a chart of gold & silver as well
+7 Reply
I love to be a perma-bear, I mean, look at the fundamentals of our country. Still in the middle of a pandemic. Lot’s of mortgage delinquencies. Terrible debt situation. Unemployment benefits ending. Fed printing money like crazy. I think we are very sensitive for bad news right now. All it would take is one little piece of news about how vaccines aren’t going to work like we thought. Or the thought of the pandemic lasting longer. However, I like the old saying: “If you missed the pop, wait for the drop”. I see this as a simple bullish retracement. People are still pretty optimistic about stimulus in the future, and optimism is high. As it stands now, the major indices will probably stay climbing. But all it would take is a little pessimistic news, and we could see a major correction.
+3 Reply
How is the correlation/relation of VIX & SP500 looking?? I believe It's about time for BIG correction.. We could be seeing increased lockdowns & may be country wide... Then what??
+2 Reply
That’s a huge drop prediction
+2 Reply
The fed won’t allow it. The bubble will keep going
+1 Reply
+1 Reply
😒please man don’t sell sp again
Geosy Geosy
@Geosy keep selling dollar it s better
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