Will the SP500 Pennant Formation Lead to a Rally or Are We Headed for a Double Dip?

November 4, 2020

By TheTechnicalTraders

Chris joins The Korelin Economics Report to discuss broad market trends to expect after the election is settled. We are already seeing money flow into markets broadly today as investors hope to have the election uncertainty behind them. We discuss several different scenarios including the SP500 pennant pattern with a potential 34% rally and the relationship between gold miners and the broad markets.  Please listen to hear more of our targets and technical analysis.

CLICK ON THE PLAYER BELOW TO LISTEN TO THE PODCAST

Listen here if player does not work

GO TO TheTechnicalTraders.com TO LEARN MORE ABOUT OUR RESEARCH AND TRADE ALERT SERVICES

 

InvestMacro

Share
Published by
InvestMacro

Recent Posts

The ceasefire between Israel and Lebanon has reduced the geopolitical premium

By JustMarkets By the end of the day, the Dow Jones Index (US30) rose by…

1 day ago

EUR/USD: All Eyes on Non-Farm Payrolls

By Analytical Department RoboForex EUR/USD was trading at 1.1613 on Friday. As the week draws…

1 day ago

How you map numbers in your mind isn’t universal, even among people who read the same language

By Olga Lazareva, Drake University and Reggie Gazes, Bucknell University  Imagine taking out a 12-inch…

2 days ago

Scientists used a method from ecology to identify whether icy moons could hold conditions for life

By Gideon Yoffe, Weizmann Institute of Science  New observatories and spacecraft missions are probing environments…

2 days ago

The escalation of the conflict in the Middle East put pressure on US and European stock indices

By JustMarkets  The US stock indices retreated from their historical highs amid a new wave…

2 days ago

Gold Remains Under Pressure, but a Rebound Is Still Possible

By Analytical Department RoboForex Gold prices rose to 4,472 USD per troy ounce on Thursday.…

2 days ago

This website uses cookies.