This is just a pipe dream about S&P opening on Tuesday.
There's no reason for it to gap up, but the market has shown that coronavirus is a non-factor.
So fuck it, why not? Indicator boys will tell you otherwise.
Bullish:
Bottom of the channel with lots of buy volume at the end of day on Friday - leading to gap up Tuesday.
The past few weeks have shown a pretty radical bull run, with no end in sight.
Bearish:
Indicators look overbought, whatever
The only question is Consolidation vs Distribution
I'm thinking consolidation.
There's no reason for it to gap up, but the market has shown that coronavirus is a non-factor.
So fuck it, why not? Indicator boys will tell you otherwise.
Bullish:
Bottom of the channel with lots of buy volume at the end of day on Friday - leading to gap up Tuesday.
The past few weeks have shown a pretty radical bull run, with no end in sight.
Bearish:
Indicators look overbought, whatever
The only question is Consolidation vs Distribution
I'm thinking consolidation.
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.