ArraisJesus

US500 "More then some chart reading"

Short
CURRENCYCOM:US500   US 500
Ok, first of all and more important, this is not good news to the world economy!! I wish I had good news but I dont.

We are in World that is feed up of this pandemic, so people are eager and whit a Bullish mentality, "Its only natural, things are wrong and you want them the right" Iven if on long terms Charts are showing otherwise...

Stocks of this companies are mainly going up, but major key Players are shorting or about too!!

Michael Burry is long puts against 800.100 shares of Tesla or 534.000Million by the end of the first Quarter, acording to a filing with the US Securities and Exchange Comission.

Michael Burry "Its Just" the Hedge Fund trader that anticipated the 2008 Crises...

Now Chart itself:
This Wedge as to be broken, its getting compressed most as it can.
It will Broken Down, make a strong retest up, hunting Bulls and a massive drop down.

1-Dont short it now, wait to break out.
2-Scalp it trailing the SL.
3-Wait for the Pullback, again to the Short side and get in strongly.


Kind Regards to everyone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.