.SPX: Turnaround Tuesday?
@MasterWU:
Hello everyone! Today i want to share some trading ideas with you! 1 Turnaround Tuesday? $S&P 500(.SPX)$ (1) SPX closed way lower than 6624 ystdy, effectively opening the door for lower low. (2) however, I believe 6540 would stop the bleeding and resume higher. (3) the current oversold condition would trigger a rocket any moment when a Trump tweet comes out. Image TURNAROUND in progress--after hitting 6525 low, now spiking over 70 points in a sharp rebound. Expect 6700-6720 zone to be tested sometime this week. That would tell whether this new-born bull has legs or not. Image Interestingly, my last blog 1 hour ago, MARKED a regional top of this rebound. Always remember: with VIX elevated, any rise or drop may be short-lived--the best trading strategy is to use "trailing stop market" to protect your profits AND prevent from being caught wrong-sided. Image For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP. Click to access the activity Other helpful links: 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
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