Sell SPX500 temporarily towards 3174.0. | 07 Tháng hai 2020

SPX500 Weekly Review

Wave Analysis

During the previous trading, SPX500 rallied to the lower side and even went below the supportive trendline. As long as the price remains below the supportive trendline and also below the Alligator trend indicator attached, I expect further momentum to the lower side. The anticipated bearish price rally is the continuation of the corrective three wave cycle and could see the price rally towards 3174.0. And on the flip side, should the price rally to the upper side, then a break above 3304.5 will push the price to the upper side.

Trade Recommendations:

Sell SPX500 temporarily towards 3174.0.

Gas Weekly Review

Wave Analysis

Gas is currently in an active down trend . As long as the price remains below the alligator trend indicator attached, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally to be the continuation of the impulsive wave (v) to the lower side and should break below 1.785 towards 1.7546 or even lower. As it is on this chart, this symbol looks bearish, but should the price break and close above 2.100, then this will be a ideal place to consider a long term buy order.

Trade Recommendations:

Remain short with an ideal take profit at 1.785.

Brent Oil Weekly Review

Wave Analysis

During the previous trading week, Brent Oil continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the Alligator trend indicator we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 54.905. This view can only be invalidated in case the price breaks and closes above 58.805, if this is the case, then further momentum to the upper side is expected.

Trade Recommendations:

Sell Brent oil towards 50.10.

Bob Stan

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Sell SPX500 temporarily towards 3174.0. | 07 Tháng hai 2020

Bob Stan

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