SP500 GAP and TRAP (Next stop $3000?) | S&P 500 Technical Analysis

In today's S&P 500 technical analysis review I will cover the gap and trap that took place (bearish engulfing candlestick pattern). I will map out support and resistance levels and walk you through my thought process on trading this stock market volatility.

My overall stock market forecast for the S&P 500 is that the price will pull pack to around $3000 range and that will offer up some major support. If it breaks below that level I will be waiting for a close under $2800 to resume trading again. I personally do not think the Fed will allow for a stock market crash in these current economic conditions. However, who knows at this point :)

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○ Intro: 00:00
○ SP500 Daily: 00:43
○ SPY Instagram Notification: 04:08
○ SP500 Daily Continued: 05:53
○ SP500 30 Minute: 06:15
○ Coco Says Hi: 12:22

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