Summary: short, this one would be risky as the SP500 has bounced up a lot. If it is a 5 wave impulse down, 38k is the target.
Break above 46k and. Bull run is back in strength.
Break above 46k and. Bull run is back in strength.
Note
It is likely to see more pullback on the S&P500 as long as the debt ceiling negotiations carry on in the USThere is plenty of room on the RSI and STOCH to fall before a correction is complete
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.