alexinve

S&P500: Short the all-time high 3390 to at least 2930

Short
CURRENCYCOM:US500   US 500
August 15: meeting with China. Will the trade war worsen?
November 3: US elections.
Before November 3, Trump expects to have the vaccine.
What if the vaccine does not work? What if we are in a brand-new dotcom crisis? Investors will collect profits at 3390 from the S&P 500. It's the most safe movement they could do to mitigate their appetite of risk. So at 2930 there is the so-beloved-by-investors 0.382 level.
The bat pattern I draw is not accomplishing two parameters but it may enforce its prophecy...

Have a good trading in 2020.
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