SPX about to break down

3 Nis 2020

Consolidation phase is over, breaking down starting friday or monday.

Reasons: obvious. Pattern indicates chart will break either up or down, fundamentals favor down.

Estimate: retest 2 350-2400 support is the target. And then go from there.

6 Nis 2020

Not

So breakout happened. But the opposite direction of what I believed. I don't see why the fundamentals would favor a rally, but I guess the fact that daily death's from coronavirus decreased has triggered the rally in the opposite direction of what I thought was likely.