SPX / DJI / NDX / RUT för AMEX:SPY av chorny.capital

trendanalysis chartpattern waveanalysis stocks index spx dji ndx rut correction weeklymarketsanalysis

US stock indices. Perhaps not a recession, but definitely a pullback and correction.
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Thank you.

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Trade stängt: målet nått:

Forecasted a top and the beginning of the fall of global financial markets.
This was a huge price move, and today trade will be closed.
When the market provides a good opportunity - this must be accepted.

Now markets need at least some pullback (it is not yet known what it will be, reversal or dead cat bounce), and for some reasons (oversold market in a panic, central banks are trying to take some actions to stabilize the situation, prohibition of short trades on the stock markets of some countries, etc.) i expect some pullback on monday.

This will not be the reason for opening some longs, because first we need to see the nature of the pullbacks, and next weeks will be decisive for understanding the future situation on world markets.

So, as I said, the trade will be closed today.
The next 1-2 weeks will help make further decisions.
Stay tuned.

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