S&P 500: Is It the Time To Invest or Will The Crisis Continue?

Hi guys, this is a continuation of my previous idea:

Here is a more in-depth multitimeframe analysis, starting on the monthly:

1. bearish divergence

2. broke level but reintegrated above it

3. Since 2009 subprime crisis we always stayed above RSI 40

4. If we did broke below this level it would have meant a bigger market amplitude.

This means we didn't get the long term sell signal yet, here on the monthly.

Did we got out of a crisis situation ? Still not.

On a weekly timeframe:

1. Again a Beautiful divergence

2. We are hitting the bottom area

3. Salvage rebound

Now if we retrace the drop , we see that we are now around a .382

2H is the chart we want to keep an eye at for short term buy signals.
There is a possibility to continue the rebound a bit but to me it is too risky.
I want to see more strengh than in this red circle. We are playing against the global trend...

We will not see the end of the crising until the lockdown is released and economy restarts.
Until then, we can expect everything to happen.
For investors, patience will be key. If you think this is a life opportunity, alright. I'm staying cool for now personaly, I'll wait.

We see the FED and institutions BUY A LOT to sustain the markets. The question is: after this crisis will the markets still be here?

Comment: UPDATE! What are the reasons for this rebound? - Automated Strategies with Backtest and Alert Setup

🔥Get the Cyatophilum Indicators today 🔥 =>

I am taking PineScript Commissions ✔


50% fib also doji on daily bearish but why not sell off at close??
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out