JonathanWong
Short

S&P 500 retest of lows possible within next few days

FX:SPX500   S&P 500 index of US listed shares
Minor resistance at 50 day moving average. Might see some open short interest pushing prices down back to 1860 or so given that current market conditions are ideal for volatility . If we are lucky, should be able to see an inverse H&S that should push price upwards over the 200 MA in the coming months once the market realize the over-reaction to economic activities in China and the US.

Placing stops just slightly above, near the 50% retrace from the december end decline.

Remember, nothing can stop the irrationality of men except for irrationality itself - till then!

Feel free to post your comments, we can always agree to disagree.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out