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Reward2Risk
May 24, 2020 11:47 AM

SPDR 500 EFT - Bull trap pending above 300  Short

SPDR S&P 500 ETF TRUSTArca

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See the video for my view

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Comments
virtualtechie11
@Queenslander - what is your rationale for that? we are quite close to what you are saying (pre-decting) is going to happen , but with good news, business opening, vaccine, i dont see that happening (not that much correction) - there will be some.
Reward2Risk
@virtualtechie11, " what is your rationale for that " ..... to what exactly as you never specified?
virtualtechie11
@Queenslander, what is your rational for predicting such a big fall? just some a,b,c,d lines?
Reward2Risk
@virtualtechie11, I'm talking about a correction within an impulsive cycle . An impulsive cycle to the upside ....haha you obviously have no understanding of you watched. And a "D" line? Never heard of it LOLZ
kiettang
Hi there, so once it moves to 248, do you expect the bull run to start from there ?
Reward2Risk
248 is just an estimate to where the drop might stall ....it should be a deep retracement due to the initial panic
kiettang
@Queenslander, thank you for your reply. However when i watched your previous video, you did say the it will fall to 248 and then retest ATH. Or Is that just your bull case ?
Reward2Risk
@kiettang, Acyually I said it's possible to drop to around 250 248 244 and that it's expected to be a deep correction ,,,, ? Not quite sure what you're asking
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