i will say long , if the dollar collapse , i guess the fed is going to open the tzunami for the dollar , 1 trillion of dollars .... bla bla stimulus omg virus stimulus economy in free fall bla bla but the problem it's that there is ready 1 trillion on the government balance at the fed bank so ... they don't spend the money ? really? politicians ? OF COURSE THEY...
OPTION 1
it could even reverse on the trendline , i should wait to see where it close this week and eventually if it reverse monday , last short was nice and clean in the 4 wave .
OPTION 2
we have a broken rsi , so long side signal , now we are gonna to close near the trendline which is a rising resistance level , if breaks that trendline, ritest the trendline...
rsi decreasing and price going up i will try to short BUT very carefully because the geopolitical situation it's not easy to handle , if fed will cut rates it should go down.. looking for a good entry point. it could easily go to 100 and then die so i will watching this
i am waiting for the break to get long side or short side HAVE LUCK everyone , i just poosted the idea !
basically ABC Correction zig zag on red blue and fuchsia , the yellow one is drawn just to remember me that it could even reverse , i don't think so but it could
spx is almost on the resistence so MAYBE today it could just rich the max again , FOR LONG TERM TRADERS it's long for , mid term traders => short IT'S A quite complicated situation btw
