SP 500 — EMA21 Breakout or Rejection?!

6 Nis 2020

Hello, today want to share with you SPX chart.

First of all, thanks everybody who liking and commenting ideas, I really like to spend time talking with you.

Now let's discuss the movement of US stock market.

I see price on daily chart reaching the EMA21.
I think we facing this resistance and market is heading to 2750 zone.
Why?
Because price opened and filled last gap on 2579.
But we have new gap on 2512.
Yes, this gap can be filled as well, if we going to see new wave of panic around the world.
Let's hope this won't happen.

Please don’t follow any analyst blindly.
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.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.

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Thank you for reading my thoughts, share your explanation about US stock market in comments.

If you want me to check other markets (EU, INDIA, CHINESE, JAPANESE) let me know.

Stay tuned to Artem Crypto

7 Nis 2020

İşlem aktif

Now we see breakout, and it seems like market is going to have upward move:

I will start buying small positions in stocks for mid term, but keep in mind risks

7 Nis 2020

İşlem kapandı: hedefe ulaştı

Reached 2750. Interesting price action!

Possible to reach 3k this week. But better to see how it will develop tomorrow

7 Nis 2020

İşlem aktif

Looking for this gap filled today or tomorrow. Good to enter some trades in dips.