Singkat
SPX about to break down
Telah dikemas kini
Consolidation phase is over, breaking down starting friday or monday.
Reasons: obvious. Pattern indicates chart will break either up or down, fundamentals favor down.
Estimate: retest 2 350-2400 support is the target. And then go from there.
Reasons: obvious. Pattern indicates chart will break either up or down, fundamentals favor down.
Estimate: retest 2 350-2400 support is the target. And then go from there.
Nota
So breakout happened. But the opposite direction of what I believed. I don't see why the fundamentals would favor a rally, but I guess the fact that daily death's from coronavirus decreased has triggered the rally in the opposite direction of what I thought was likely.
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.