In the next 24 hours, people are expected to see a "touch" and "re-bounce" as the SP500 movements hit the 2018 resistance line.
This is a good opportunity for day trading.
Furthermore, this week, the fed is going to pump money in the market (private, mortgage-backed securities).
+Thursday: 50 billions
+Friday: 500 billions (03/20/2020)
+Monday: 500 billions (03/23/2020)
In addition, the maturity dates are all in May and June.
People can see a green market in the next 48 or potentially whole week (maybe, if people don't panic sell).
Bad scenario: SP500 movements will break the resistance line and proceed to wipe-out 2016 gains. All will happen within weeks.
Volatile market is not over yet.
Good luck trading.
This is a good opportunity for day trading.
Furthermore, this week, the fed is going to pump money in the market (private, mortgage-backed securities).
+Thursday: 50 billions
+Friday: 500 billions (03/20/2020)
+Monday: 500 billions (03/23/2020)
In addition, the maturity dates are all in May and June.
People can see a green market in the next 48 or potentially whole week (maybe, if people don't panic sell).
Bad scenario: SP500 movements will break the resistance line and proceed to wipe-out 2016 gains. All will happen within weeks.
Volatile market is not over yet.
Good luck trading.
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.