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

By Satendra SinghMarket OverviewApr 19, 2020 04:11AM ET
www.investing.com/analysis/sp-reopening-reversal-may-trigger-series-of-gapdowns-ahead-200522015/
S&P 500 Reopening Reversal May Trigger Series Of Gap-Downs Ahead
By Satendra Singh   |  Apr 19, 2020 04:11AM ET
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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
S&P 500 Futures Daily Chart



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

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

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Comments (6)
Randall Wagner
Randall Wagner Apr 19, 2020 5:46PM ET
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How do analyze data that is manipulated down through selfemposed reductions. Did you factor that in?
Thomas Riverton
Thomas Riverton Apr 19, 2020 2:52PM ET
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You're always Right
Alejandro Rosario
Alejandro Rosario Apr 19, 2020 2:33PM ET
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Im long again. Ill trade the opposite
John Quinn
John Quinn Apr 19, 2020 1:54PM ET
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What is your theory based on aside from you seeing a repeat of March?
Joji Thobani
Joji Apr 19, 2020 1:54PM ET
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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
Hai Lu
Hai Lu Apr 19, 2020 9:25AM ET
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i fade you again for lots of money
John Snow
John Snow Apr 19, 2020 9:25AM ET
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How is that going?
Hai Lu
Hai Lu Apr 19, 2020 9:25AM ET
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John Snow pretty good lol
Zaid Yousef
Zaid Yousef Apr 19, 2020 6:36AM ET
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Bro you have been saying gap downs since 2200 , just give up bro
 
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