Markets Still Have Not Priced in a Biden Win, Says Forex Analytix

The video discusses the S&P 500's sudden rise, influenced by vaccine headlines and stock splits. It highlights market resistance, the VIX's rise, and potential election impacts. Technical analysis reveals a megaphone pattern and RSI divergence, suggesting possible market reversal. The gold market is also analyzed, with a focus on triangle patterns and price targets.

What was one of the reasons for the sudden rise in the S&P 500?

• Decrease in gold prices

• Higher corporate tax rates

• Vaccine headlines

• Increased oil prices

What is a potential market concern mentioned in the second section?

• Increase in oil prices

• Stable corporate tax rates

• Rising VIX and upcoming elections

• Decrease in stock split activities

Which economic factor is NOT mentioned as influencing market reversal?

• Gold price decrease

• Upcoming elections

• Interest rate cuts

• VIX movement

What technical pattern is identified in the S&P 500?

• Head and Shoulders

• Cup and Handle

• Megaphone formation

• Double Bottom

What is the potential target for gold if it breaks out to the top side?

• 1800

• 1900

• 2200

• 2500