S&P warning signs are mounting; not a "game over" yet

29 cze

Price formed a reversal pattern on the daily chart. But is it "game over" for the buyers? Watch video to learn more

Disclaimer
I don't give trading or investing advice, just sharing my thoughts.

1 lip

Uwaga

We have a lot of important economic data coming out this week, including FOMC. Things can change fast

2 lip

Uwaga

Sellers tested previous week low followed by a weak bullish reaction. Nothing really changed.
FED speaks today at the market open, then JOLTS. It will likely provoke increased activity.

2 lip

Uwaga

This market just doesn't want to go down. Let's see tomorrow if buyers are able to take down previous high (550) and build some value above it.

3 lip

Uwaga

Amazing. Market just need to "survive" FOMC. Can anything go wrong?

5 lip

Uwaga

I think a lot about limitations of technical analysis when things like this take place