Hi Guys,
Sp500 is working the oblique support. The rebound which has taken place from Mid-March should not be surprising due to the extreme volatility we have experienced from late-Feb.
Sp500 is now trying to stay above the oblique support. However, if the index monthly closure (April) will be nearby the oblique support, we should expect a hard sell-off during late spring-beginning of summer.
To be noted a huge point of control with an incredible spike in volumes.
Also, making an inter-market analysis, we do still see a very strong yen vs aud and cad. That is a warning sign that the actual rebound might not be a beginning of a new trend upwards, but just a rebound.
At the end of April, we should finally know the direction. I still believe we are going down harshly.
Thank you guys,
Simone Siesto
Sp500 is working the oblique support. The rebound which has taken place from Mid-March should not be surprising due to the extreme volatility we have experienced from late-Feb.
Sp500 is now trying to stay above the oblique support. However, if the index monthly closure (April) will be nearby the oblique support, we should expect a hard sell-off during late spring-beginning of summer.
To be noted a huge point of control with an incredible spike in volumes.
Also, making an inter-market analysis, we do still see a very strong yen vs aud and cad. That is a warning sign that the actual rebound might not be a beginning of a new trend upwards, but just a rebound.
At the end of April, we should finally know the direction. I still believe we are going down harshly.
Thank you guys,
Simone Siesto
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.