Hello traders,
Last week, a sort of flash crash has killed the up trend of the SP500, Nasdaq…
Ok
Many reasons… rates of course… debts… of course…
In fact… economy is not strong as we can believe.
I m not Nostradamus, thus I can not predict the next crash of the economy.
But I wonder if we are not at the beginning of a big big crash.
If we look the sp500 chart, we can notice two big supports (in RED).
If price break these supports, I think that it was the beginning of the end ! This scenario can happen after a “DEAD CAT BOUNCE” pattern for instance (poor cat snif !).
Obviously, price can resume the UP trend.
In the next days, I think that price can range between the two blue lines in the graph before going Up or Down, or as I said adopt a “DEAD CAT BOUNCE” pattern before going down.
Wait and see...
Bye Jeanne
Last week, a sort of flash crash has killed the up trend of the SP500, Nasdaq…
Ok
Many reasons… rates of course… debts… of course…
In fact… economy is not strong as we can believe.
I m not Nostradamus, thus I can not predict the next crash of the economy.
But I wonder if we are not at the beginning of a big big crash.
If we look the sp500 chart, we can notice two big supports (in RED).
If price break these supports, I think that it was the beginning of the end ! This scenario can happen after a “DEAD CAT BOUNCE” pattern for instance (poor cat snif !).
Obviously, price can resume the UP trend.
In the next days, I think that price can range between the two blue lines in the graph before going Up or Down, or as I said adopt a “DEAD CAT BOUNCE” pattern before going down.
Wait and see...
Bye Jeanne