The price structure and the study of divergences show a probability of a bullish scenario in 3 phases:
1/ bullish bounce untill 4000 (FIBO 38.2%)
2/ resumption of the decline until the strong support 3200 (FIBO 61.8%)
3/ return of the long term bullish trend up to 5000
1/ bullish bounce untill 4000 (FIBO 38.2%)
2/ resumption of the decline until the strong support 3200 (FIBO 61.8%)
3/ return of the long term bullish trend up to 5000
Note
long term trend:Note
I remain bullish until 4000.Trade active
![[S&P 500] short term bullish but mid term bearish](https://s3.tradingview.com/d/da4o8Mkg_mid.png)
Note
I expect a reversal between 4150 and 4300.Note
My target is 3200.Note
I expect a drop in the next weeks.
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Related publications
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.