Looks like a potential LONG.
I would like SPX to open with a little downfall and tap 3202.80 before heading up.
This week since SPX has been in a downtrend, GOLD has been on the rise.
I believe if SPX is in a Bull trend this week GOLD should be on a downtrend.
WHY LONG:
- 3203.80 is a strong area support zone, where market bounce off of many times.
- Coronavirus has been not too bad and the news hasn't been ugly lately. (I do not rely on news)
-3289.00 is the area where market wanted to reject but if we take that previous high we will be looking for a continuation of a strong uptrend.
I would like SPX to open with a little downfall and tap 3202.80 before heading up.
This week since SPX has been in a downtrend, GOLD has been on the rise.
I believe if SPX is in a Bull trend this week GOLD should be on a downtrend.
WHY LONG:
- 3203.80 is a strong area support zone, where market bounce off of many times.
- Coronavirus has been not too bad and the news hasn't been ugly lately. (I do not rely on news)
-3289.00 is the area where market wanted to reject but if we take that previous high we will be looking for a continuation of a strong uptrend.
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.