Hello traders!
In this video I go into extensive detail to zoom in this hotly-debated question:
is the S&P500 (and, more generally, ‘the market’) likely to continue higher or to resume the downtrend?
Key topics:
- Monthly TF showing 21-WMA resistance
- Weekly TF showing trendline (channel) resistance
- Daily TF showing 200-SMA resistance just above price
- Vix extremely depressed after a two-month continuous slump
- ATR extremely low (Daily TF) after multi-month slump
- Analysis of instances in the past 10 months where VIX/ ATR extremes (20 and 70,respectively) matched current levels
- CCI divergence on Daily and 4H TFs, showing either the start of a new uptrend of alarm bells signalling strong downmove
Please like, share, and subscribe, and leave comments! I would love to hear from you.
Take care and happy trading
PipMeHappy/ FreeFX
