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Is the Market going to crash soon ?
S&P 500指數
(
OANDA:SPX500USD
)
dchua1969
已更新
OANDA:SPX500USD
S&P 500指數
Trend Analysis
Chart Patterns
2
0
trendanalysis
chartpattern
Read this article
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This index has gone up more than 50% from the March low and is now reaching the previous high at 3400 on 19 Feb 20. We are now in the mid August and have 4 more months to go before we 2020 comes to an end.
One can see that the price movement over the last 2 weeks has been trending up very slowly towards the resistance. The million dollar question is ar we going to experience what we seen in early Feb this year ?
I am of the opinion for the next few months (Sept and Oct) , the market will be consolidating and the SPX500 is more likely to correct towards 3200 level before we see another surge up to a record high towards the year end.
So , if you have not bought into SPX500, be patient and wait for the correction to come first.
The market could trick the late bulls with a fake breakout of the resistance before tumbling down.
Be patient and trade safely
評論:
praise lord, it has break out from the resistance
相關想法
See you at the top - SPX500
dchua1969
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SPX500USD
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