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Sxp500

S&P 500 LONGHere is my Fibonacci strategy i am trying out... After marking my key zones of - Support and Resistance and observing higher lows in the Downtrend i was anticipating for a Trend change to the upside. - i then watched this Bullish push to the next level of resistance which it strongly rejected. - Now i will be hoping for a pullback to around the 0.7 on the fib, in which i was go long and enter on the 5m - 15m Time frame. SL - 3739 (1 on the fib) TP1 - 3796 (0.382 on the fib) TP2 - 0 on the fib, or just let it run Any feedback is appreciated if you trade with a similar strategy drop me a message! Cheers ( ALSO using a free Fib indicator on this chart )
OANDA:SPX500USDLong
by lewisboland
Wall Street Stays FlatUS stocks have not seen any major changes this week, staying uncharacteristically calm despite headlines such as the oil price crash. The Dow Jones gained 457 points on its Wednesday session, a jump of 2%. It is now trading at 23,400 points on the hourly chart. Likewise, the S&P 500 and NASDAQ indices saw similar gains, climbing 2.3% and 2,8%, respectively. However, this is most likely as investors are also still awaiting news such as this week’s jobless claims data. Latest predictions expect around 4.2 million new unemployment claims to be filed, bringing the total up to 26 million claims in just 5 weeks. Likewise, the US Senate just passed another bill to aid in the fight against the coronavirus in the State. After weeks of negotiations, the Senate passed a $500 billion bill in order to help small businesses, and it is expected to go to the House of Representatives later this week. This news did give some relief to the stock markets, as they now look to extend their gains for the second session in a row. But there are reasons to continue being bearish about the stock market. Investors are vying for stocks to gain momentum again, with news such President Trump pushing state governors to ease their lockdowns and begin reopening their state borders again. However, reopening so early, before the virus is under control, poses the risk of a wave of new infections flooding in. This poses the risk of causing more damage to the economy in the long term. Despite Trump’s eagerness to reopen the economy and start recovering the damage that virus has caused the stock market, the opposite could end up happening if he pulls the trigger too soon.
U
by BlackBull_Markets
NEW GREAT DEPRESSION ?There are two scripts white and pink , the main difference between them is how to consider the final reverse of American market during Great Depression whether in 1932 or in 1941. Concerning fundamental factors , there are 2 main factors pointing to dramatic plunge of US economy. The first factor is obvious , COVID - 19. The second one is zero FED rate, so the great number of American people have not opportunity to refinance their debts and mortgage by which there are congested. During long period of time credit used to be backbone of economic growth in developed countries, when FED rate achieved to zero it means that such system stop performing. Probable targets of current plunge are 2151 , 1411, 670
SP:SPXShort
by BandBInvestment
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