Standard and Poor's 500_Price area overview_TakeItSimple #3
The pressure by China's sanctions after Trump's custom tariffs on iron and derivatives caused a bearish accelleration near February's low @ 2550.00,
The price has finished his run exactly above the long period trendline, and should be a nice point to see a bullish pullback following the upper-levels attached, as a reaction near the current triple-lows.
Nevertheless, americans use to say " Buy on news and sell on rumors ", so if i will see particoular reactions on this lows followed by good geopolitical news i'll try some Intraday Buy positions only substained by volatilty decreasing during the next USA sessions.
Opposite, i will consider as a strong sell signal the price below 2550,which is breaking up a big 2 level of a 123 pattern on Daily_SPX chart .
By the way, other studies will follow, comparing USA Leading Sectors trying to reach out the best timing for some intra and multi day operations.
Question for you: Thinking about a comparing between SOXX, Real estate, technologies and bio-technologies indexes and SPX index, what do you think ?
All your thoughts are well accepted!
The price has finished his run exactly above the long period trendline, and should be a nice point to see a bullish pullback following the upper-levels attached, as a reaction near the current triple-lows.
Nevertheless, americans use to say " Buy on news and sell on rumors ", so if i will see particoular reactions on this lows followed by good geopolitical news i'll try some Intraday Buy positions only substained by volatilty decreasing during the next USA sessions.
Opposite, i will consider as a strong sell signal the price below 2550,which is breaking up a big 2 level of a 123 pattern on Daily_SPX chart .
By the way, other studies will follow, comparing USA Leading Sectors trying to reach out the best timing for some intra and multi day operations.
Question for you: Thinking about a comparing between SOXX, Real estate, technologies and bio-technologies indexes and SPX index, what do you think ?
All your thoughts are well accepted!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.