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SP 500 FUTURES Stays Afloat above Support 4176
SP500 FUTURES closed down. The market awaits Powell’s reassurance. Powell is expected to state the same comment: No inflation. Keep buying bonds. 0% interest rate. FED to maintain its dovish stance. More than likely, the indexes could move higher after the announcement. The S&P 500 closed a tiny bit in…
S&P 500 Weekly Chart & Parabolic SAR – Change Is Coming Soon?
If history could somehow predict the future, what is your take on the S&P 500 weekly chart and the Parabolic SAR indicator below? Based on the past uptrend Parabolic SAR counts, a correction, big or small, becomes imminent when the count is near 20. Maybe within the next week or…
Unstoppable Bitcoin
Even China and JP Morgan CEO could not destroy Bitcoin. Bitcoin dropped more than 25% after the news that China would ban all the Bitcoin trading activity in its country. Chinese investors and speculators fled. JP Morgan CEO came out and call it a fraud. Bitcoin looked so vulnerable. It’s…