There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.
S&P: about to boom?
2020-11-23 • Updated
Have you noticed this W-shaped trajectory of the S&P? Last time, in summer, once it was completed, there was a small period of downward correction right at the end of the W – you may see it marked by the double red line. After that small drop, the S&P went boosted upwards.
Currently, we are right at this local drop at the end of the W-shape. So let’s test our hypothesis of the pattern repetition: if it’s true, the S&P should go upwards all-in as early as next week. Get prepared!
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