The S&P500 is at important resistances based on Fibonacci projections and showing bearish momentum divergence. We are expecting a corrective down wave (4) towards the 1855 area.
Only a new weekly close above 2120 would invalidate this bearish scenario.
Only a new weekly close above 2120 would invalidate this bearish scenario.
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.