Hello everyone! Today i want to share some technical analysis with you!
1.
To SUBS: $S&P 500(.SPX)$
(1) The alternate blue path I presented on the 30-min chart now looks more likely to happen.
(2) so the breakout will be to the upper range, esp. if 5470 is surpassed later today.
(3) The higher target will be the one for the blue roadmap.
2.
In brief, SOMEONE knows what Trump is going to say in 2-hour's time, and they know it would pop the market positively [at least they believe the first reaction would be positive].
So, the buying is unrelated to any TA structure or fundamentals. This really sucks for free market.
3.
Unusual market moves--based on recent occurrence, I believe this is due to the "insider trading;" It became frequent and blatant lately, with the manipulated market moves with large option flows--this is abnormal, and even criminal to certain extent. Out of most shorts here.
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