SP500 at resistance zone

2020年4月12日

Thesis:

(1) Price is now at resistance zone (2740 and 2850) from trend line
(2) It is coincide with 50% Fibonacci bounce from bear market since 19 Feb to 23 Mar 20.
(3) Pin bar candle happen last thursday (9 april) suggests impending decision from market

Idea:

(1) If there is bearist candle in next followings day, it is chance of pull back. The pull pack to 2469 as 50% of current bounce.
(3) If 2469 break, market shall retest the 23 Mar low, bear still in control. If not then it create lower high and bull market resume.

2020年4月19日

註釋

Price approaching critical point 2875, there shall be consolidation at this area to see if trend revert down or continue to break up.