SP500 MELTS UP & LOOKS LIKE A BLOW OFF TOP (STOCK MARKET FOOLS GOLD?)

In today's S&P 500 Technical Analysis video (SP500) I introduce to you a day trader you have NEVER heard of. He turned $3000 into $500,000 during the Dot Com Melt up / Blow off top and then disappeared after the Stock Market Crash of 2001, also known as the tech bubble burst. This intro seems very similar to what is taking place now, and I am here to make sure people are prepared for something similar to possibly happen.

Stocks only go up is a new theme I have been hearing as new investors and wanna be millionaires look for the easiest and fastest way to capture money from the stock market. Tricked by whats commonly known as fools gold, they belive they have found an investing strategy that can pay them unlimited amounts of money in their lifetime.

Unfortunately the stock market makes it easy to draw in suckers. The stock market will make you feel like you know it all, then it will chew you up and take you for everything you have the moment you are not paying attention.

The SP500 recently broke out of its all time highs and is on a streak to continue to make more new highs. The gap and go is becoming quite normal thing to see in the stock market. Some analysts call this a market melt up, others are calling this a blow off top.

The point of this video is to make you aware of the many emotions that come from day trading and investing. Its meant to make you step back and analyze your emotions and to help prepare you in any scenario the stock market brings your way.

TIMESTAMPS:
Intro: 00:00
WHY The Intro Video: 02:32
SP500 Daily: 03:46
What is a Blow Off Top?: 04:31
Stock Market Emotions: 05:40
How To Think About The Stock Market: 07:00
SP500 Megaphone Pattern: 09:16
SP500 30 Min: 14:14
SP500 Trade Plans: 17:15

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VIDEOS REFERENCED:
1. https://www.youtube.com/watch?v=uaK5tsH59UM
2. https://www.youtube.com/watch?v=m2_4UQcThlU

ARTICLE REFERENCED:
https://www.marketwatch.com/story/consumer-confidence-tumbles-to-new-pandemic-low-after-summer-viral-outbreak-2020-08-25

DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)

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