Schnauzel

SPX : election blues

Singkat
Schnauzel Telah dikemas kini   
TVC:SPX   Indeks S&P 500
Whether the first wave from the low is over or not, the second wave is coming soon and targeting one is always a throw of the die. A second wave can go anywhere from stopping in a preceding 4th to fully retrace the preceding movement. So here are the levels to watch :
  • 2123 to 2131 (preceding 4th)
  • 2115
  • 2106 (.618 retracement)
  • 2083 (full retrace)
If one level is broken, the next becomes a magnet. Except the last one (full retrace), which invalidates the count if broken.

Three election outcomes could scrap all this wishful thinking : a Trump win, a democratic sweep, no clear winner. Anything else, we'll have a 2nd wave, followed by a third.

Happy trading
Komen:
Is the 2nd wave over ?
Komen:
In terms of level, it achieved the minimum requirement, but the 1st wave lasted about 2 days and a half. So a mere 4 hours seems a little short for the completion of a complete counter move.
Dagangan ditutup: sasaran tercapai
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.