since Jun 29th, 2020, S&P 500 has been in a healthy uptrend .
in its up trend movement , price has been respected to the zone between SMA50 and SMA 100.
now, the zone is broken and is acting as dynamic resistance. last week we had a pullback to broken zone.
so, in this moment 2 scenarios are more expectable:
1 - a deep reverse and a big bear market for at least 1 to 3 months.
2. a long range market in a channel between 4200-4600
now in my Idea , cash is KING.
in its up trend movement , price has been respected to the zone between SMA50 and SMA 100.
now, the zone is broken and is acting as dynamic resistance. last week we had a pullback to broken zone.
so, in this moment 2 scenarios are more expectable:
1 - a deep reverse and a big bear market for at least 1 to 3 months.
2. a long range market in a channel between 4200-4600
now in my Idea , cash is KING.
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topping is clear.one another singe of topping is the weak stocks behavior .
they were going low when the general market was bul. and now they are increasing sometimes.
they were going low when the general market was bul. and now they are increasing sometimes.
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price action is working, Russia is a catalyst only
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welcome to the official territory of Bears
