S&P 500 Analysis: A Gap Down!
6 years ago in #haejin by haejin (85)
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Good video @haejin i saw the price of the index has recently been negatively affected by the fluctuation of the SMA 55 with its recent fluctuation against the stochastic negativity which is currently positioned below the 50 level. In addition, the price fluctuation within the ascending sub-channel is supported with steady support around 2620.00 while the 23.6% Fibonacci level 2678.00 A strong barrier to a positive rally
Looks like it's time to start casting those ladders! I been holding some cash reserves since September for this next leg down.
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The ladder for me would be for a B wave rally which could retrace 50% of the prior A wave down.
You da man