S&P 500 IndexShort
just my thoughts
11 minutes ago
So, Feds have, yet again, cut, 45 minutes before closing bell. Expect a rally to resistance 3450ish, then a drop back to support and maybe beyond. There are some major contribution to this! for starters, if you look at the day clock it has already consolidated and went into expansion! Now we await the major move! Another Huge contribution is the european markets, which will not only affect europe, but the world economy, Including but not limited to S&P! Another reason is it is extremely over brought, i know we have added over a 100k retail traders, but that numbers is not realistic in any time frame or period! lol! CUTs may do nothing at this point,
Apple has also Suffered! which will also hurt!
China is seeing a slight increase in cases, and some are going back on lockdown!
China has administered over a 100,000 doses of vaccines! (no clinical trials) :(
China has also seen a increase in cases!
Last thing, Coronavirus is up more then march! don't panic, IT IS NOT TIME YET! :( :( :( :( :( :( :( :( :( :(
Only thing i will say on that pullback to 3450 is that the last wick on the 4 hour is longer than any other! so spx may be DOOMED
So, Feds have, yet again, cut, 45 minutes before closing bell. Expect a rally to resistance 3450ish, then a drop back to support and maybe beyond. There are some major contribution to this! for starters, if you look at the day clock it has already consolidated and went into expansion! Now we await the major move! Another Huge contribution is the european markets, which will not only affect europe, but the world economy, Including but not limited to S&P! Another reason is it is extremely over brought, i know we have added over a 100k retail traders, but that numbers is not realistic in any time frame or period! lol! CUTs may do nothing at this point,
Apple has also Suffered! which will also hurt!
China is seeing a slight increase in cases, and some are going back on lockdown!
China has administered over a 100,000 doses of vaccines! (no clinical trials) :(
China has also seen a increase in cases!
Last thing, Coronavirus is up more then march! don't panic, IT IS NOT TIME YET! :( :( :( :( :( :( :( :( :( :(
Only thing i will say on that pullback to 3450 is that the last wick on the 4 hour is longer than any other! so spx may be DOOMED
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