SPX vs other markets since 2020
Diupdate
Hi Guys,
following my post dated Apr.14th (red arrow before n.3), the Index continued to climb up towards the SMA with a four legs movement made by 4,5,6 and 7.
So far the pullback from A or, in my view, the "Bear Rally" retraced 0,618 Fib.
1) from X to A represents the fall caused by pandemic;
2) A was made when the FED used its "bazooka" (2200 same level when Trump was elected US President);
3) a pullback or "bear rally" is happening from A into Fibonacci Retrecement levels or 200SMA or even beyond.
The idea remains the formation of a W-Shaped recovery as favoured by many FED Members incl.Powell. However a V-Shaped recovery cannot be excluded as the letter B is yet to be confirmed as the "Bear Rally" may not be over yet.
As the pandemic event originated by Covid19 triggered an enormous amount of "FEAR", please keep an eye on the VIX ("Fear Gouge" or "Fear Index").
Here below I will post snapshots of other markets for comparison.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
following my post dated Apr.14th (red arrow before n.3), the Index continued to climb up towards the SMA with a four legs movement made by 4,5,6 and 7.
So far the pullback from A or, in my view, the "Bear Rally" retraced 0,618 Fib.
1) from X to A represents the fall caused by pandemic;
2) A was made when the FED used its "bazooka" (2200 same level when Trump was elected US President);
3) a pullback or "bear rally" is happening from A into Fibonacci Retrecement levels or 200SMA or even beyond.
The idea remains the formation of a W-Shaped recovery as favoured by many FED Members incl.Powell. However a V-Shaped recovery cannot be excluded as the letter B is yet to be confirmed as the "Bear Rally" may not be over yet.
As the pandemic event originated by Covid19 triggered an enormous amount of "FEAR", please keep an eye on the VIX ("Fear Gouge" or "Fear Index").
Here below I will post snapshots of other markets for comparison.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Catatan
Click & Play to unfold the following chart in respect of VIX trying to return below 30 level 
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