S&P 500 Technical Analysis | Goldman Sachs See's Stock Market Crashing Near 20% In 3 Months

Let's dive into the SP500 (S&P 500, SPX, SPY) Technical Analysis Daily Update. In today's video, first I want to call out the news that is hot off the press 5/11/20. Goldman Sachs estimates the Stock Market will crash almost 20% in the next 3 months (CNBC reported).

I also bring up a chart of the robinhood accounts that have been created since post pandemic. This I find interesting because I talked about this on one of my previous videos "Bull Trap Proof" - https://youtu.be/xs5fm8VCuH8

SP500 is currently stuck between the 61% and 50% retracement levels coiling up to make a big move. It did break above the 61% intraday however got rejected and pushed to close below it in the last 30 minutes of trading.

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DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only.