SPX: Yes, we have opportunities around!

Hello traders and investors! Let’s see how the SPX is doing today!

To the untrained eye, the 1h chart seems erratic and unreadable, but if we look carefully, we’ll see that the movements were all extremely technical.

First, the index dropped to fill the gap (yellow square at 4,198.77), and it found support over there. Now it did an impressive Tweezers Bottom pattern, indicating a possible bottom formation.

The 21 ema is the next resistance it must defeat, and we’ll see if it’ll do it or not in the next few days.

snapshot

In the daily chart, we have what seems to be a top, but it is not confirmed yet. So far, all we can assume is that the index just did a pullback to the 21 ema, filled a gap in the 1h chart, and now it is just about to resume the bull trend.

The scenario is complex, but I still see a few opportunities around. I already told you guys about some stocks we’ve been trading in the past few months, and I can assure you, every single one of the Brazilian stocks traded in the US that we bought recently is making a huge gain!

I recommended 9 Brazilian stocks to my followers, and 5 of them are giving more than 40% returns so far, and I’ll reveal which ones: PBR, CIG, ABEV, BRFS and ITUB. The worst gave us about 13% gains.

snapshot

The green circles are the moment when I gave the buy recommendations. When the market looks complex and undefined, we can always find opportunities elsewhere. Now, the BR ADRS look expensive, so the search continues! Yes, we do have some incredible opportunities in the US market, but you must know where to look.

Be careful, and let’s continue the search for more opportunities!

Remember to follow me to keep in touch with my free analyses!

Thank you very much!
ADRSgapglobalmarketsMultiple Time Frame AnalysisSPX (S&P 500 Index)Support and ResistanceTrend AnalysisTweezer Bottoms

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