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USA500 trade ideas

S&P500In the so-called smooth market, functioning the S&P500 has had 14 gaps in the last 16 trading days. A correction seems quite near. The rise of crypto is also an expression of the societal collapse of trust in the monetary control of central banks and their credibility with the public. Overstretched MACD , how long can this hold? The broader market is barely moving intra-day and the occasional dips are ferociously saved and bought followed by hours of tight range chop action. With most market gains entirely driven by overnight gap ups.
TVC:SPX
by Chrisler
S&P 500 vs NIFTY / Comparison / AnalysisSince last year's Covid crash, S&P500 has seen three retracements. Every single time, the crash started with a Bearish Engulfing Candle, over the next few weeks it made a Double Bottom at 50-61% Fib Golden zone, and surged higher with Bullish Engulfing candle. And NIFTY followed suit. This time around, we have a confluence of Golden zone and previous high support, which makes it a strong support zone (the Down Trendline of the NIFTY Flag also coincides with this zone.). Let's hope the US inflation fears are abated in the coming 3-4 weeks(sooner the better). And we get to witness a fresh leg of bull market. Till then, it's time to exercise caution and treat ones Stop Loss as God's word. (If too many stop losses are hit, I'd rather watch from the sidelines an keep an eye on the support zone.)
TVC:SPX
by raavigeorgian