SPCUSD trade ideas
S&P500 : Corrective sequence ABCanalysis mentioned on the chart. Invalidation if it holds above 3600.
Short apportunity in SPX at 3330-40SPX is looking good for short for the intra at current levels, unless more buying volumes are shown in that area, right now its getting squeezed
SPX500 Very slow grind for next 5 years or so for a mere 30-40% Very slow grind for next 5 years or so for a mere 30-40%
Does this suggest BIDEN WINS????? IDK MAN
S&P 500 : Trading at crucial levelS&P500 CMP 3390
1. Taking support at trendline (Pink marked line)
2. A bounce may expected from here (till Blue marked line)
3. If this support gets broken a downfall may be
seen till 3230 (green marked line)
Note : This idea is only for educational purpose.
S&P 500 The price of the S&P 500 is increasing but the Awesome Oscillator is decreasing, this states that a great downfall is coming ahead.
There is proof that a downfall will come because whenever this situation comes, that when the market is rising and the AO is not rising the markets went down brutally.
Please check in the years 2000 and 2008 the same thing happened and the market went down.
The history is going to repeat.
Please be cautious.
SPXI think the chart explains itself. Usually once 50 day moving average is broken, market tends to test 200 day moving average which is at 3105.
S&P Should not break below drawn support in order to make new highs. and above it should close above 3455 for new highs
