OANDA:SPX500USD   S&P 500 Index
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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🤔
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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