Possible LONG position developing for NIO... Despite the retracement we are still in a long-term bullish trend. We retrace to the 38.2% Fibonacci so now we reached a critical point. The prices seem to stabilize on these levels around the 38. This could constitute an interesting entry point to strengthen. We can wait for the RSI to hit its neutral zone of 50 before...
SPX500: Short term bearish. Long term bullish. On the weekly we are still in a long term bullish scenario, however if there were to be a small correction I think it would take us to the 3,500, which would correspond to the 20 week moving average. Then take us back to 4000 for the close of 2020
wait for the confirmation to take a nice short position...