SPX: Another BULLSEYE! Is there a Bottom now?
• Today, SPX hit our target at 3,911, as we described yesterday (the link to my previous public analysis is below this post);
• So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema;
• The volume is still low, which reinforces the idea of a correction;
• Any bullish reaction near any of these supports might indicate a buy, as there’s no reversal sign on the index yet (it is still doing higher high/lows). I'll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• So far, there’s no bullish reaction indicating a possible bottom. In the lack of signs confirming a bottom, the next stop is the 21 ema;
• The volume is still low, which reinforces the idea of a correction;
• Any bullish reaction near any of these supports might indicate a buy, as there’s no reversal sign on the index yet (it is still doing higher high/lows). I'll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
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.