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ahmedse
Jan 24, 2020 10:59 AM

SP500 Short Short

US SPX 500OANDA

Description

Only argument for this idea is a technical correction
(no fundamentals supporting a fall in shares at the moment)

Trade closed manually

Exiting at 3150, 5.5% gain
Comments
supere
I take back calling the virus bogus as it does seem to be becoming a serious threat now. However what im saying is the triggers for the market downturn already activated weeks before in a larger cyclical pattern with oil prices likely the most important.
ahmedse
@supere, true
Also there a some strength in gold chart indicating some big trader is anticipating a market correction.
Hope these oil and gold indicators work as they should on this chart

Also don’t underestimate this virus thing, China is big, just small act of canceling tours will look ugly in tourist dependent countries
supere
The fundamental analysis should show itself in time. I've been studying many charts, fundamentals and waves for a long time now. The drop likely has been triggered with failing oil prices which barely anyone has caught on to yet. However, the oil red candles are severe beyond belief.
Nothing to do with the bogus front page coronavirus.
supere
I think your analysis is dead on accurate.
noto777
Short this, go broke
UnknownUnicorn2019403
Looks nice :D But why to fight against the FED
ahmedse
@LoantoStock, what do u reckon
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