Reasons for the $320 bottom:
1) Most volume after the official Golden Cross was @ $320.
2) The latest week, Weekly candle closed green. This is important to close green.
3) The last 5 weeks, Weekly volume was increasing while price decreasing, hence divergences and smart money load up
4) Other reason, if SP500 goes lower, that would be a bear market, but statistically, bear markets don’t occur that often.
5) Presidential elections around the corner, and the Fed would not allow another crash
6) No major reason for a crash, no Brexit, no Corona, no major news to trigger a crash
7) Final and my favorite reason: stimulus is coming 100%!!!!!!!!!!!
1) Most volume after the official Golden Cross was @ $320.
2) The latest week, Weekly candle closed green. This is important to close green.
3) The last 5 weeks, Weekly volume was increasing while price decreasing, hence divergences and smart money load up
4) Other reason, if SP500 goes lower, that would be a bear market, but statistically, bear markets don’t occur that often.
5) Presidential elections around the corner, and the Fed would not allow another crash
6) No major reason for a crash, no Brexit, no Corona, no major news to trigger a crash
7) Final and my favorite reason: stimulus is coming 100%!!!!!!!!!!!