S&P 500 and NASDAQ 100 Forecast July 31, 2020

published on August 3, 2020

from daily 4x this is chris taking a look at the s p 500 and the nasdaq 100 and as you can see the s p 500 has initially pulled back towards the 20-day ema only to bounce

Again at this point in time i think it's only logical that we will find buyers it's all about liquidity nobody cares about earnings or the the economy or anything like that

Um that's the big lie that they've been telling you for 12 years um you can see going all the way back to i can't go all the way back but to 2012 that's what's happened yes things

Have gotten more volatile but that's because we have more high frequency trading passive investing has become in vogue and that also causes some issues uh so with that being the case that's

The game we play we look for opportunities to buy the s p 500 on dips multiple major tech companies are reporting after the bell that's going to cause some noise off top

My head i think it's netflix google uh amazon and apple or microsoft i can't remember which now but either way it's like 30 of the indexes so that's going to probably throw a monkey wrench into things but i think a

Pullback gets supported over here in the nas 100 as well i think we're going to the highs in both of these look for buying opportunities if we break down below 3000 in the s p 500 it's going to be a blowout but

That's okay sit on the sidelines for a week find value buy it write it all the way back up the nasdaq 100 10 000 that holds it if it doesn't then again you let it drop 20 and then buy it again

That's the game we've been playing for 12 years you really can't short these indexes not when you look at the breakdown there's only like five or six stocks that move about a third of the actual price

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