ArShevelev

SP 500 — Stocks are bullish, this is what media told you

TVC:SPX   S&P 500 Index
Hello at SP500 update.
You know what media saying. Shortest bear market in history?! haha

We know what is happening around the world and prices of stocks is rising, what a hell, right?

But let's look at charts, not on media and fundamentals backgrouns.
Look at numbers on the chart.

We reached 2750 resistance.
Break trough it and retested.

Retested EMA21 and keep going up as we see price above it.

Now what can stop market moving to 3000?!
This is good resistance level to make small fix profits of your swing-positions.

For the Shorting the market, well, not really good idea, even in these conditions.
Keep in mind long-term strategy, keep buying stocks in deeps.

Try to looks forward on new opportunities on our "new" reality after COVID-19/20 pandemic.
After all of these companies locked down.
Some of them closed now, some of them will be closed in next months, if lockdown will continue.

Previous ideas on SPX:
1. 2.
If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.

ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊

Stay tuned to Artem Crypto

🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk

Enjoying the content? Here's a free way to show your support!
Sign Up and get Special Bonuses:
🔵 toobit.com/t/ArShevelev 🔵
🟡 bybit.com/b/ArShevelev 🟡
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.