$SPX - Chart Link- here's an option to
consider, perhaps an abc pullback, may need c down. there's a big
support zone down in the range where I show the two horizonal lines
that represent important price levels
Posted by jtsurfah on 29th of Sep 2020 at 03:59 pm
Interesting to see dollar down at the same time as US large caps
(many being multinationals)? Should be a big tailwind for
multinationals (all other things remaining equal). Is it possible
the market is weaker than charts would suggest right now and might,
after a brief rally, have another 10% down or so to go before
getting bailed out by the Fed and Congress again? I still
have my eye on SPX 3140....
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SPX 30 min abc option
Posted by matt on 29th of Sep 2020 at 03:30 pm
$SPX - Chart Link- here's an option to consider, perhaps an abc pullback, may need c down. there's a big support zone down in the range where I show the two horizonal lines that represent important price levels
Interesting to see dollar down
Posted by jtsurfah on 29th of Sep 2020 at 03:59 pm
Interesting to see dollar down at the same time as US large caps (many being multinationals)? Should be a big tailwind for multinationals (all other things remaining equal). Is it possible the market is weaker than charts would suggest right now and might, after a brief rally, have another 10% down or so to go before getting bailed out by the Fed and Congress again? I still have my eye on SPX 3140....