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S&P 500 Reopening Reversal May Trigger Series Of Gap-Downs Ahead

Published 04/19/2020, 04:11 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movements of S&P 500 futures, I find that the reversal from the lower levels before weekly closing may result in the advent of gap-down series once again as the same as in March 2020. There is no doubt that a gap-down on the first trading session of the upcoming week, below the level of 2776, will confirm the advent of a gap-down series; which is likely to continue from April 20th to May 20th, 2020. I find that the S&P 500 may test fresh lower levels during the month of May; amid growing uncertainty over the reopening business globally.

S&P 500 Futures Daily Chart


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Latest comments

How do analyze data that is manipulated down through selfemposed reductions. Did you factor that in?
You're always Right
Im long again. Ill trade the opposite
What is your theory based on aside from you seeing a repeat of March?
Continuous spread of virus that hasn't been completely curbed... thousands lie victims in so many states including those that will be opened... that can only mean further spreading... that will cause more panic than before
i fade you again for lots of money
How is that going?
pretty good lol
Bro you have been saying gap downs since 2200 , just give up bro
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