We all know that the market is overvalued. So its really time to take the profit, and make some money on daily basis again.
The stimulus package is a good opportunity to sell on a green day instead of selling when.... you know.
The stimulus package is a good opportunity to sell on a green day instead of selling when.... you know.
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The first target is 3680-66 than probably some pullback. A healthy correction should reach 3540-500 level.
These are only ideas of course news can affect sharply that we always need to refresh our view according to the situations but not overcomplicate.
These are only ideas of course news can affect sharply that we always need to refresh our view according to the situations but not overcomplicate.
Comment:
Joe Biden just spoke about small business the market immediately reacting. I remain still bearish
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In recent week's SP500 only ranging. The Suez Canal Blockage can really trigger the sell-off mainly on NASDAQ, but it will drag SP500 too. In the case of the problem will be solved tonight maybe we will see SP500 at 4000, if not probably the 26.03.2021 last hour candle will be wiped out during the night.
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As we can see EVER GIVEN is left the canal may its can lift the market a little bit although today I don't expect the same breakout as happened on friday due to the hedge funds liquidity problems.
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Comment:
Still waiting for crash
Comment:
Was not updated-
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