S&P 500 Equal Weight ETF P-like wave
Observation:
The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November.
Daily view:
Daily consolidating since April 2024.
P-like wave
Weekly view:
Weekly pullback to the box of 2022.
Weekly flag pole
Comment:
Patience and sitting on hands in a bull market trend...
The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November.
Daily view:
Daily consolidating since April 2024.
P-like wave
Weekly view:
Weekly pullback to the box of 2022.
Weekly flag pole
Comment:
Patience and sitting on hands in a bull market trend...
Note
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.
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.