S&P 500 IndexUpdated InvestMate 💲 S&P500 Is at a strong resistance zone! 💲
💲 S&P500 Is at a strong resistance zone!
💲 Nearest strong support zone: around the fibo level 0.382 of the downward wave.
💲 Nearest strong resistance zone: around the fibo level 0.5 of the downward wave.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Uptrend
📊 RSI: Uptrend
💲 The S&P500 continuing its northward rally has reached a strong zone of resistance which, in my opinion, may stop it on its way to new highs. All thanks to the returning strength of the US dollar. The correction may take us to the area of 4050 points but I expect a more flattened correction just like the NASDAQ.
📉 The scenario I am playing out is to wait for the end of the correction, and join the continuation of the upward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm 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 read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
💲 Nearest strong support zone: around the fibo level 0.382 of the downward wave.
💲 Nearest strong resistance zone: around the fibo level 0.5 of the downward wave.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Uptrend
📊 RSI: Uptrend
💲 The S&P500 continuing its northward rally has reached a strong zone of resistance which, in my opinion, may stop it on its way to new highs. All thanks to the returning strength of the US dollar. The correction may take us to the area of 4050 points but I expect a more flattened correction just like the NASDAQ.
📉 The scenario I am playing out is to wait for the end of the correction, and join the continuation of the upward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm 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 read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 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.