SP500 waiting for moves

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Arguments for break of resistance up:

  • 7+ divergences
  • Support on current level
  • Economic conditions are more positive than media says
  • 20%+ correction already in place


On the other side:

Look at the charts and then read the news. A major collapse could happen in January / February.
This could be anything from failing debt repayments after covid loans, mortgages not being paid due to increased interest etc..
But this is just speculations

  • Trend is clearly downward, if resistance again.. bear time
  • RSI already high in bought zones
  • Well.. anything can happen


Currently no trade
But watching this.
Nota
S&P 500 INDEX to 6000 before mid 2023
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My best estimation is a blow off top at 5700-6000.

syot kilat

See you in 6 months (or if stop loss hit.. seriously… use a stop loss)
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Nota
Up by 20%, 1000 points till closing trade
Technical IndicatorsTrend Analysis

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