S&P 500 IndexShort
InvestMate💲 S&P500 Further increases? I Don't Think So 💲
💲 S&P500 Further increases? I Don't Think So
💲 Nearest strong support zone: around the fibo levels of the 0.382 downward wave.
💲 Nearest strong resistance zone: around local peaks.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: Uptrend
💲 Price action: the S&P500 has bumped up all of +0.85% for the moment today. Monday's optimism returned to the stock market. The question is how long it will last. In my opinion, for a short time. Looking at the price formation, I expect the declines to continue in the coming hours/days. I don't think the stock market has enough strength at this point to reach new highs.
📉 The scenario I am playing out is the start of declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
💲 Nearest strong support zone: around the fibo levels of the 0.382 downward wave.
💲 Nearest strong resistance zone: around local peaks.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: Uptrend
💲 Price action: the S&P500 has bumped up all of +0.85% for the moment today. Monday's optimism returned to the stock market. The question is how long it will last. In my opinion, for a short time. Looking at the price formation, I expect the declines to continue in the coming hours/days. I don't think the stock market has enough strength at this point to reach new highs.
📉 The scenario I am playing out is the start of declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.