The SP500 seems to have completed a classical bullish pattern, the double bottom.
We might have a few sideway days ahead with the elections coming up, but after that I expect the SP500 to rise again. A conservative approach would be to wait for an entry till next week.
After arriving at the area of resistance, consider taking some profits since the SP500 might form a triple top.
In case of new all-time-highs, consider an entry from there on. By that time we would be closer to January/February, with high chances of a COVID cure to be found around that time, giving a major boost to investors' confidence in the economy.
We might have a few sideway days ahead with the elections coming up, but after that I expect the SP500 to rise again. A conservative approach would be to wait for an entry till next week.
After arriving at the area of resistance, consider taking some profits since the SP500 might form a triple top.
In case of new all-time-highs, consider an entry from there on. By that time we would be closer to January/February, with high chances of a COVID cure to be found around that time, giving a major boost to investors' confidence in the economy.
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