S&P trading at 2509. It made a recent low of 2345 which is a very stong support. Right now it did bounce from that support, but in coming days will it protect that support or will break it. Time only will tell but chances are that it will not break that support as from the Elliot Wave perspective this fall from the all time high clearly looks like an ABC . If at...
The basic news background is still unchanged: the number of new cases in China is decreasing (+/-500 per day), that is, the epidemic is decreasing. But this is offset by an increase in the number of cases outside of China. And an epidemic from local is increasingly striving to become global. Lockdown in Northern Italy, panic in Iran, growth in the number of cases...
China yesterday began to actively restore economic and industrial activity in the country. Judging by official figures, the epidemic has begun to decline, so there is reason to believe that the worst is over. In this light, yesterday's growth in demand for risky assets is generally explainable. Perhaps the global economy in general, and China in particular, will...
In yesterday’s review, we already noted that this week may be decisive for several financial assets, and the global economy as a whole. On December 15, the United States may introduce tariffs on goods from China and thus bring trade wars to a new level. It's entirely up to an agreement between the parties. Even though we have heard positive statements for more...
Hi Guys! As short term we can expect a small correction on BTC, long-term we are sure it will be worth hundreds of thousands dollars and it will revolutionize at least modern economy. As we love infographics (who doesn’t ? ) we want to share with you another hypothetical money influx into the crypto market. So today we are mesmerized by the infographic provided...