📉📈 S&P500 Continuation Of Uptrend 📉📈
📉📈 S&P500 Continuation Of Uptrend
📉📈 Nearest strong support zone: around the 0.236 level of the upward wave.
📉📈 Nearest strong resistance zone: around recent peaks.
📉📈 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
📉📈 Price action: the S&P500 for the second day in a row stands still slightly declining, looking at the behavior of the price I suppose that there is a high chance before the continuation of the uptrend of scoring a mini downtrend correction, so far nothing promises us a sudden reversal to a downtrend, I still expect the upward movement to continue over the coming weeks, as long as the downward trend on the dollar remains there is nothing to worry about.
📉📈 The scenario I'm playing out is to join the upside after a downward correction is made. 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.
📉📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
📉📈 Nearest strong support zone: around the 0.236 level of the upward wave.
📉📈 Nearest strong resistance zone: around recent peaks.
📉📈 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
📉📈 Price action: the S&P500 for the second day in a row stands still slightly declining, looking at the behavior of the price I suppose that there is a high chance before the continuation of the uptrend of scoring a mini downtrend correction, so far nothing promises us a sudden reversal to a downtrend, I still expect the upward movement to continue over the coming weeks, as long as the downward trend on the dollar remains there is nothing to worry about.
📉📈 The scenario I'm playing out is to join the upside after a downward correction is made. 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.
📉📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Trade closed: target reached
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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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💲 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.