Loading ...Some observations on S&P
A few links on S&P regarding low volume and price channels.
https://twitter.com/market_sleuth/status/1788661818367365629
https://twitter.com/Reformed_Trader/status/1788594326169063653/photo/1
https://twitter.com/_TomasFerreira/status/1788613519459471841/photo/1
Opinions and TA supporting or against these analyses are welcome.
Cheers,
GL
For every twitter account that is expecting correction, I can post another one that is expecting SPX to go higher.
How reliable those three are? How much were correct in the past? Easy to figure this out, just go back in time and check their posts and see how they did last say two years. If you find someone that gets 4 out of 5 correct, stick with that one. If not, they are just guessing like most of us do 😉 (some exceptions on this forum though)
I did like reformer_trader’s chart. If his chart plays out, I will remember him and then I may check his history.
My guess: Generally, as we go toward elections, market should go up. With occasional corrections of course. Which means, if you subscribe to this, then all you need to do is wait for corrections as was the one in April and try to enter when it seems that correction is over.