SP500: FROM HERE ONLY BIG...
Hi guys, I highlighted in the red circles the spikes on red candle, this because it's important to recognize which feeling is prevalent on the market.
As you know trading is not science, so we must have only a good entry positioning to make profits, and now i think is a good time to think about this mini crash.
I don't think economy collapse like in 2008 or 2020, so maybe we will just jump in this range some weeks and than restart to new ath.
If not, because everything is possible, 4000 is a big level to keep on eye, why?
Just because has 3 zero and people has scared about perfect numbers :-)
I know, seems strange, but it's all about psychology.
After all my first big target is 5.000, not 4998 or 5002.
So the same reasoning will be on the opposite side: we need to keep attention on 4.000, not on 4003 or 3999.
Obviously we could see a spike on 3995 level and then a great pump, that's because people sett stop losses to near this big level.
Keep it everything simple, and you could make money.
As you know trading is not science, so we must have only a good entry positioning to make profits, and now i think is a good time to think about this mini crash.
I don't think economy collapse like in 2008 or 2020, so maybe we will just jump in this range some weeks and than restart to new ath.
If not, because everything is possible, 4000 is a big level to keep on eye, why?
Just because has 3 zero and people has scared about perfect numbers :-)
I know, seems strange, but it's all about psychology.
After all my first big target is 5.000, not 4998 or 5002.
So the same reasoning will be on the opposite side: we need to keep attention on 4.000, not on 4003 or 3999.
Obviously we could see a spike on 3995 level and then a great pump, that's because people sett stop losses to near this big level.
Keep it everything simple, and you could make money.
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