Disclaimer: This is not a trading advice.
The 0.382 level has been challenged many times already, it acts as a strong resistance, the support has also been challenged many times since the beginning of the rebound.
Those two make a great ascending triangle.
The PUTS / CALLS ratio shows that the market is still bullish. Even though buying puts for the sole of buying puts is forbidden the ratio keeps decreasing => more calls & less hedging
The ban on short positions has been extended until 18 may.
The exponential moving average 18 & 9 will cross on monday (EMA 9 > EMA 18).
S&P500 is on a bull run and has done a V-shaped recovery for now so investors might FOMO on European stocks which could do the same.
Also institutions want to restart the economy as soon as possible.
If we successfully break the triangle I wouldn't be surprised of seeing the price above 0.5 Fibo level - 4800.
The 0.382 level has been challenged many times already, it acts as a strong resistance, the support has also been challenged many times since the beginning of the rebound.
Those two make a great ascending triangle.
The PUTS / CALLS ratio shows that the market is still bullish. Even though buying puts for the sole of buying puts is forbidden the ratio keeps decreasing => more calls & less hedging
The ban on short positions has been extended until 18 may.
The exponential moving average 18 & 9 will cross on monday (EMA 9 > EMA 18).
S&P500 is on a bull run and has done a V-shaped recovery for now so investors might FOMO on European stocks which could do the same.
Also institutions want to restart the economy as soon as possible.
If we successfully break the triangle I wouldn't be surprised of seeing the price above 0.5 Fibo level - 4800.
Nota
The triangle just broke and we are already seeing a huge rise
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.