isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on...
Hi, today we are going to talk about the S&P 500 and its current landscape.
At the index, we observe a strong confluence of Gann. Such accumulation follows the narrowing of the supports and resistances of Gann. As possible trade targets, we have the Fibonacci retracement.
Thank you for reading and leave your comments if you like.
The S&P 500 index is trading at a resistance of 2932 to 2950 respectively marked with red broken lines on the chart.
Since Sept 2018 it has fallen from this level 8 times and this is the 9th attempt. So on 4hrs chart, a close above or between 2885 and 2900 will be considered positive. Once a strong close above 2954 we can see a 50 points jump in this counter.
Head & Shoulder pattern observed in S&P 500 Index. Should the pattern confirm by breaching 2800 on closing basis, one can expect the index to fall towards 2645.
En route 2720 area is a visible support for shorts to be wary of.
Credit Cycles and Keynesian Economics : Passive Investing
The boom bust cycles need a safe haven . Indexes track micro economic transactions and the market trading on such transactions are prone to distortions of dominant traders and weak regulators . Gold becomes a hedge against the FED-Wall St nexus.
This pattern doesn't exist in Neo economies as much. Tech...
Sort of proved wrong in the last contrarian set up, but here we are not approaching the strong resistance zones of 2600-2630.. and unlikely to clear that easily. this could present some good contrarian ideas shortly.
S&P 500 index is at the verge of a flag breakout on the 15 minutes TF.
Targets are near 2570.
Wait for confirmation by the next candle, and a mostly probable retest of the resistance turned support before entering.