TradingView
dionthas
Aug 26, 2019 12:44 PM

SP500 will go further down the next weeks Short

S&P 500SP

Description

Today (26.08.19), Pre markets were down at first with the China trade war in focus. Then turned positive with China trade war optimism and Trump saying that "we are getting back to the table". My personal view is that we will go further down the next weeks, especially if we break the flag at 2840 for the SP500.
Comments
artizan777
are you sure , about go down?
dionthas
@artizan777, there is a lot of uncertainty about China trade war so this is more likely to happen. Everything is possibilities but if we break the flag down, then yes we will go further down. On the other hand we need the sp500 to go up around 4% to confirm a new uptrend.
artizan777
@dionthas, 4% from what level?
dionthas
@artizan777, from where we are now.
artizan777
More