Hello! Dear dear friends, brothers, sisters, hodlers, scalpers, swingers, bulls and bears!
I want to share with you idea about US stock market before it opens in Monday In less than 20 hours.
Fist of all, I am looking at technical points, and price action.
But can we spend few mins to think about next:
Who going survive after this crisis? (I mean companies)
First of all the price of SP500 is based on top US stocks, so means by that, most of these companies will survive as they are basically giants...
Even if some of them in "frozen" or limp mode, after get used to quarantine and new order, they will run in full power.
Jobless claims exceed 20 million in four weeks, inflicting a toll on the labor force not seen since the Great Depression.
Okay that is what it is, many people are out of their jobs, for many reasons for sure, and after some period of time I believe we going to find the way-out, and everyone will get it’s place in new order.
Let's step away from corona bullshit and start think what is going on with chart and price.
Few important notices I put on chart:
3000 basic and strong resistance for big period of time.
Now we going to challenge it. Monday opening will show what force bulls and bears have.
2650 is another important level for bulls as it Is possible invalidator of impulse wave setup.
2300 is bears gap — if we going to revisit this zone, I will start to worry for real ;)
DISCLAIMER: 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
I want to share with you idea about US stock market before it opens in Monday In less than 20 hours.
Fist of all, I am looking at technical points, and price action.
But can we spend few mins to think about next:
Who going survive after this crisis? (I mean companies)
First of all the price of SP500 is based on top US stocks, so means by that, most of these companies will survive as they are basically giants...
Even if some of them in "frozen" or limp mode, after get used to quarantine and new order, they will run in full power.
Jobless claims exceed 20 million in four weeks, inflicting a toll on the labor force not seen since the Great Depression.
Okay that is what it is, many people are out of their jobs, for many reasons for sure, and after some period of time I believe we going to find the way-out, and everyone will get it’s place in new order.
Let's step away from corona bullshit and start think what is going on with chart and price.
Few important notices I put on chart:
3000 basic and strong resistance for big period of time.
Now we going to challenge it. Monday opening will show what force bulls and bears have.
2650 is another important level for bulls as it Is possible invalidator of impulse wave setup.
2300 is bears gap — if we going to revisit this zone, I will start to worry for real ;)
DISCLAIMER: 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
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