.SPX: Expect for A Rally in the Future!

MasterWU
03-17

Hello everyone! Today i want to share some trading ideas with you!

  1. Back-test the support of the broken trendline (purple)--now, the previous strong resistance turned into support.

    If failed, then the opening gap is in danger of getting filled [yeah, that is possible]--but, I doubt it. Bet on a support and continued rally after the test. $S&P 500(.SPX)$

  2. 6730 Reached; 6750-60 Next: (1) as expected, a double back-test of Purple Line was supported, and SPX spiked to 6730 with HUANG's "1-trillion" shocker. (2) the rebound is forming a zigzag, to fill the overhead gap--red zone--btw 6730-60. (3) expect a further rally tmrw, THEN⤵️

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment