SP500 Preparing For a BIG MOVE | S&P 500 Technical Analysis 6-12-2020

In today's S&P 500 Technical Analysis daily update I try my best to forecast the stock market by looking at the price action taking place. The SP500 has recently just had a big pull back (some might say mini crash), and today the S&P 500 gapped up, worked itself to the low area of support at 3000 and then closed up a little higher. To me this is showing an area of consolidation and is preparing the stock mart for a much larger move in the near future.

With we see the SP500 crash (Bull trap)? or will we see the SP500 take off like a rocketship. To me it doesn't matter, what matters is being prepared for either one to take place.

Being prepared is exactly what paul tudor jones and peter borish did in 1987 bringing in 100 million on the Black monday stock market crash.

TIMESTAMPS:
○ Intro: 0:00
○ SP500 Daily: 00:24
○ SP500 30 Min: 04:35

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