SPX500 - BULL channel confirmed
Too early to short the market especially before Fed cut and face to face meeting in China and no spending limit for US Government. Talks are resuming, Fed will most likely cut by 50pts. No chance for bears in spite of technical signals. Trump is using all his power in influence to prop this market into the super bubble. He needs it to win 2020 election, so prepare for a bumpy ride up. There will be some retraces, but only to get more buyers on the side.
TP: 3020, TP2: 3040. Let's roll ppl.
TP: 3020, TP2: 3040. Let's roll ppl.
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.