Monday, July 4, 2016

S&P 500 - This is What I See

Based on reading the 1 hour and 5 minute chart for the S&P 500, I expect some selling from the index since it had risen quite some time ever since the Brexit. The index is also approaching the selling zone as highlighted above and a sell down will happen in the coming days. What I see now is that the buyers are getting tired while the sellers are gaining traction on it's selling activities. I will be sharing more on my outlook later to a group of traders. I will share more on the strategies and tactics on how I use simple charts to analyze the S&P 500.

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Ronald K - Market Psychologist - A Stock Market Opportunist