MoneyPatterns

SPX / SPY - Downtrend Continues - 1HR Bearish

Short
OANDA:SPX500USD   S&P 500 Index
Gaussian Channel is riding the Rounded Top white line as predicted.
Minor changes to Gaussian Channel predictions show that downtrend is INTACT.
Below full candle open and close below 3017 on SPX and we get Bearish on Daily.

www.marketwatch...ings-2019-11-05?siteid=yho...
“There are not a lot of things to push that higher,” Dalio said
“Money is free for those who are creditworthy because the investors who are giving it to them are willing to get back less than they give,”
So if your rich, you get money for free or paid to take a loan out. But if you are middle class, you get 20% interest or rejected.
And we wonder why there is income inequality?
If you were a billionaire, and could get a million dollar loan at 0% to put into the market, it would be an easy decision.

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.

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.