Thought for the day, plus some posts of interest!
The S&P 500 had a big down week as the cup with handle pattern I mentioned last week failed (see chart below)! Hopefully we can stay above the close from 9/24/20 of 3246.59, because if we close below 3222.27, we will be in correction territory (-10% from the high) and who knows where the low may be.
"The poor, the unsuccessful, the unhappy, the unhealthy are the ones who use the word tomorrow the most" - Robert Kiyosaki
Vote Republican to save our Republic, and Keep America Great! A Democrat vote is a vote for Socialism, and the end of America as we know it!
“The most beautiful things in the world cannot be seen or even touched, they must be felt with the heart.” - Helen Keller
"When I was young I thought that money was the most important thing in life; now that I am old I know that it is." - Oscar Wilde
“If you do what you've always done, you'll get what you've always gotten.” - Anthony Robbins
Kindness in words creates confidence.
Kindness in thinking creates profoundness.
Kindness in giving creates love.
- Lao Tzu
“Life is what happens to you while you’re making other plans." – John Lennon
“Love is granting another the space to be the way they are and the way they are not.” - Werner Erhard
The S&P 500 had a down week, chopping sideways after a big drop on Monday (see chart below). Using technical analysis, a cup with handle is forming, which could be a positive sign. If it plays out, price will have continue up and close above the last high on 10/12/20, and then it could form the next leg up. Only time will tell. This is an exciting time to watch the markets!
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Disclaimer: Information on this website is to be used for educational purposes only. Information found here are personal opinions and not advice from a professional financial advisor or broker. All trading and investing comes with risk!