I know the start of a Bearish market when I see one
I know the start of a Bearish market when I see one. The SPX500 represents the top 500 American companies and is a representation of America's stock market health. Since the Covid crash and rebound that happened back in March of 2020, the SPX500 has been extremely bullish and Investors have enjoyed record gains.
For the first time since the Covid crash, SPX500 has recently shown serious signs of Bearishness.
Technically: Two major lows on the daily time frame have been broken. Although support was found today at a low created back in October of 2021, for 4 consecutive days price has closed below the 200 Exponential Moving Average (Red Line). If price closes below that line today, SPX500 will more than likely start next week bearish and continue to drop.
Sentimentally: Investors overall mood right now is fear and uncertainty. As investors take profits, cut losses, and dump stocks, price will continue to push down. More shorters will enter the market and that’s when we’ll see wild swings and liquidity sweeps start to happen on the way down.
Despite the negative news surrounding the financial markets, now more than ever is a great time to be educated on the Foreign Exchange Market. Buying stocks and Cryptocurrency is the most basic level of investing and will never provide the freedom and flexibility the Foreign Exchange Market provides. It never matters what a market is doing when you profit from not only markets that go up but markets that are going down as well.
To learn how to analyze and trade the financial markets like a professional, visit snip3rsanonymous.com
SPXUSD
For the first time since the Covid crash, SPX500 has recently shown serious signs of Bearishness.
Technically: Two major lows on the daily time frame have been broken. Although support was found today at a low created back in October of 2021, for 4 consecutive days price has closed below the 200 Exponential Moving Average (Red Line). If price closes below that line today, SPX500 will more than likely start next week bearish and continue to drop.
Sentimentally: Investors overall mood right now is fear and uncertainty. As investors take profits, cut losses, and dump stocks, price will continue to push down. More shorters will enter the market and that’s when we’ll see wild swings and liquidity sweeps start to happen on the way down.
Despite the negative news surrounding the financial markets, now more than ever is a great time to be educated on the Foreign Exchange Market. Buying stocks and Cryptocurrency is the most basic level of investing and will never provide the freedom and flexibility the Foreign Exchange Market provides. It never matters what a market is doing when you profit from not only markets that go up but markets that are going down as well.
To learn how to analyze and trade the financial markets like a professional, visit snip3rsanonymous.com
SPXUSD
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