OANDA:SPX500USD   S&P 500 Index
Hi Guys,

I see this...

What do you see?

Please share your views and comments below.

Thank you for your support and for sharing your ideas.

Cozzamara

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
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Comments

do I read this correctly? Pfizer, Modena and AstraZeneca were big news. However, this vaccine braketroughs managed to lift sp500 only so much higher. In other words, without such positive news we would witness pull back or some sort of correction
+1 Reply
cozzamara MaceMaddox
Thank you for you comment @macemaddox 🙏 you read it correctly👍 My view is that such narrative was boosted by Pfizer and supported by both Moderna & AstraZeneca. However, I think it's hard to tell where we would be without these news. Maybe other measures would have been introduced to keep it running🤔
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It seems valid,thanks for sharing 👍🏻🦐👊🏻
+1 Reply
The chart looks great-- but what does it mean? Are you expecting this to roll over or keep running up?
+1 Reply
cozzamara MysticalTABear
@MysticalTABear, The harmonic patterns within the 1st and 2nd rectangles kept running up. To my knowledge harmonic patterns are continuation patterns therefore it should continue up on forthcoming stimulous and vaccine hype unless something negative happens. On the other hands harmonic patterns may present a short term opportunity if D (and 2nd shoulder) is confirmed. What is your view? Thank you for your comment, much appreciated :)
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