A roller coaster ride for the bulls and bears
Last night was fantastic for the indices with SPX500 up 3.15%, slaughtering the bears without batting an eyelid once more.
And now , here we are, retesting the 2nd resistance level at 2960. I am of the opinion this time, it will break out and continue to charge higher.
Positive reasons for going long :
1. Vaccines development in progress
2. Feds - additional 3 trillion package to be released. GDP may dropped but no Depression
3. US-China trade progressing albeit a rocky start
4. Chart - 15 May onwards, the bullish candles have been very strong, riding high up for the last 4 days without any pullback.
5. States are reopening for business and revenue will start to pick up slowly. Do not forget the revenge shoppers, they will give the market a good booster that it needs.
And now , here we are, retesting the 2nd resistance level at 2960. I am of the opinion this time, it will break out and continue to charge higher.
Positive reasons for going long :
1. Vaccines development in progress
2. Feds - additional 3 trillion package to be released. GDP may dropped but no Depression
3. US-China trade progressing albeit a rocky start
4. Chart - 15 May onwards, the bullish candles have been very strong, riding high up for the last 4 days without any pullback.
5. States are reopening for business and revenue will start to pick up slowly. Do not forget the revenge shoppers, they will give the market a good booster that it needs.
הערה
uh oh......it failed again.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.