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spiritualhealer117

The end of the bear market

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Índice S&P 500 (SP:SPX)  
spiritualhealer117 Atualizado   
SP:SPX   Índice S&P 500
Chart Patterns Beyond Technical Analysis Trend Analysis S&P 500 (SPX500) QQQ market economy Bullish Patterns
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chartpattern beyondta trendanalysis spx500 qqq market economy bullish
SPX has been in an descending broadening triangle, which is generally seen as a bullish pattern. Now that the S&P has pivoted off a double bottom, and had a gap up, which generally confirms a trend, there is enormous upside on the S&P 500. This is in addition to CPI dropping yesterday, which shows that the FED can finally pivot, giving stocks a massive upside.

I'm trading this by going long on undervalued stocks in the s&p500
Comentário:
The market failed to break out with the intensity I expected, and is turning into more of a descending triangle, so I'm reversing my view and think the market will go down.
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