Navigating the S&P 500
🟢 Navigating the S&P 500
The S&P 500 index is near all-time highs, and many voices are starting to question these prices, even talking about a bubble. But is this true?
Setting aside opinions and focusing on technical analysis, it's important to note that as long as we don't lose the $5,860 level, we will remain in a bullish market. Therefore, buying in that area is interesting in terms of risk/reward.
Losing this level places us in a sideways zone, where range trading can be sought, knowing that we could be sideways for months.
Finally, if the $5,670 zone is lost, we would indeed be facing a bearish market where more severe corrections could occur.
✅ What pattern is unfolding in
SPX ?
We are seeing a Head and shoulders pattern developing, but we need to break the 5.860$ level to confirm it.
Consequently the break of the level confirms at least a Neutral market but also a H&S pattern!
✴️ Do you want me to analyze any market? Just comment below which market you want me to analyze.
ENJOY AND FOLLOW for more 😊
The S&P 500 index is near all-time highs, and many voices are starting to question these prices, even talking about a bubble. But is this true?
Setting aside opinions and focusing on technical analysis, it's important to note that as long as we don't lose the $5,860 level, we will remain in a bullish market. Therefore, buying in that area is interesting in terms of risk/reward.
Losing this level places us in a sideways zone, where range trading can be sought, knowing that we could be sideways for months.
Finally, if the $5,670 zone is lost, we would indeed be facing a bearish market where more severe corrections could occur.
✅ What pattern is unfolding in
SPX ?We are seeing a Head and shoulders pattern developing, but we need to break the 5.860$ level to confirm it.
Consequently the break of the level confirms at least a Neutral market but also a H&S pattern!
✴️ Do you want me to analyze any market? Just comment below which market you want me to analyze.
ENJOY AND FOLLOW for more 😊
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.