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SteveTan

SP500.. FED: > = 0.05% ONRRP = < QE (Tapering). 19/6/21

Short
S&P 500 Index (FX:SPX500)  
SteveTan Updated   
FX:SPX500   S&P 500 Index
Elliott Wave Economic Cycles Chart Patterns sp500index SPX (S&P 500 Index) S&P 500 (SPX500) Cycles xyz3dtrading
2
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elliottwaves economiccycle chartpattern sp500index spx spx500 cycles xyz3dtrading
SP500. Instead of FED announcement of "possible" "tapering" QE on 2022/2023.. FED "actually".. increase The QNRRP ( Over Night Reverse Repo Program ) from 0% to 0.05% ( that is huge! for "just" over nite!!" ).. Where Do we think "those" "hot money" from equities etc market will flow to?!.. We "see" the "acceleration" of Gold's Price is more "aggressive" than equity market..Can it be possible for Big Players taking profits "fast" by unloading all Gold Longs positions. Before "heavy long again" for the sake of "hedging" "The Expected" coming "deep correction" from equity market?!

Comment:
Short SP500, Stop Lost at 4268, 1st Target Profit at around 3800 which is 1)Next Major Demand Zone 2)Daily 200 Ema 3)Fibonacci 0.236%
Comment:
xyz3dtrading.. Charts consist of 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed )
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