US SPX500 has formed a rising wedge and it has been retested, which shows a clear downside path. The retest of the wedge trendline has been rejected with a bearish engulfing candlestick pattern. Unless the US decides to print more money and flow them into the stock market, the price is going down. However, even if they do, the fall is hard to stop.
Trade stängt manuellt:
SPX500 broke down just before hitting my stop. I was worried for a bit with the losses I saw. However, it was worth the waiting. Closed my trade manually. I don't know what is going on with Moderna Vaccine and this new mutation of Covid19. So, for now I am not touching SPX500. I will continue my journey with BTC.
