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As you know i do weekly Technical Analysis of S&P500 Index (SP500 or S&P 500); it also gives a clear picture of other American Stock Market Indicies such as DowJones, Nasdaq, IXIC (Nasdaq Composite), VIX (CBOE Volatility), RUT (Russell2000), QQQ (QQQS) thus giving you an idea of the overall health of the stock market & economy as well.
In general you can say when we look into the US Stock Market, we can deduce the worldwide stock markets health including Asian Stock Markets such as Nikkei, HSI, SSE & European Stock Markets such as DAC, FTSE, CAC, STOXX600.
I do OptionsTrading as i am an Options trader. Trading in the stock market is risky but trading in the options is very risky. Thus you are always adviced to trade in Options carefully & use Technical Indicators extensively.
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Disclaimer : The content in this Video and/or in this youtube channel is for informational purposes only and does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell, or otherwise transact in any investment including any products or services or an invitation, offer or solicitation to engage in any investment activity.
1) Correction :- Dow 29950 – S&P500 3630 || 3710 is still a very strong support for S&P500 Index
2) If the market retraces immediately upon open then it will soon fall and later it will retrace properly. Up-Down-Hold-Up-Hold
3) This mid-week update is in continuation to the weekly technical analysis of S&P500 — https://www.youtube.com/watch?v=0Xz1r8GFStg
Thanks
Lakshman, your numbers are magical. 3710 on the dot. Well done!
thanks !
@Lakshman Singh How did you come up with 3710?
@George Android analyzed & calculated last 100 years (since the beginning) of S&P500 and Dow’s data and thats how i got these
@Lakshman Singh You know very well that is not possible. S&P 500 was initiated in 1957. As much as I like your predictions, it would be nice if you could give a rational answer.
@George Android if you really want to be a good trader then you should learn more about the History of S&P 233, S&P 90 which eventually become S&P500. you can see the HISTORY section of wikipedia page & also you can use TRADINGVIEW with MONTHLY Candles to see the History which goes well beyond to 1923. https://en.wikipedia.org/wiki/S%26P_500
… no more discussion on it and no more reasons please. you can also do the same analysis and calculations (of last 100 years data) and i bet you will get the same numbers as i have.
Hoi. Why do you think that 3710 is a very very big support?
it is based on the calculations
Thank you very much
You are by far the best. Always on point! Thank you 🙏🏻
Your YouTube channel is underrated! Amazing work! Will share your channel to my friends
thanks ! Much appreciated !