JosephTran4

Considering the possible continuation of pandemic sell-off trend

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JosephTran4 Atualizado   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Just did a time symmetry investigation from 2019 V recovery and compare it with today. Thinking about a top for reversal. Speculating on continuation of Corona sell-off trend from Feb-March. Using Fib Retracement, Volume Profile Data, S/R considerations and time symmetry from 2019 to consider a possible scenario for something more like a "W" as the most impacted earnings season (Q2 - for 2020 in general) unfolds in July/August timeframe.
Comentário:
As I look at it published here I also see in the volume profile the possibility of an ascending triangle into 323 resistance which could be followed by a breakout to fill the Feb 21st gap and even to retest the all time high. But that would be in my Bullish possible scenario which is quite contrarian to the economic data and to the general sentiment among professional etc. The market just will do the contrarian thing I understand though. Hope to be ready for either scenario or something in between still.
Comentário:
Forgot to mention that this is also a speculation about the effect of the 2nd earnings season for 2020 that will report the Apr, May and June 2020 revenue, EPS and financial results. That will really be something if the market rallies through so many devastating earnings reports even if estimates are actually beat.
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