S&P 500 IndexUpdated 💲 S&P500 Bounces Off Resistance Zone 💲
💲 S&P500 Bounces Off Resistance Zone
💲 Nearest strong support zone: around the fibo level of 0.382 of the downward wave.
💲 Nearest strong resistance zone: around fibo level 0.5 of the downward wave.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: 50/50
💲 Price action: the S&P500 again attacked a resistance zone which once again proved to be a very strong zone hard to break through. It looks like my cumulative scenario I wrote about in previous posts is starting to materialize. And it will take us some time before the next wave of increases begins. For now, I expect the accumulation to continue within the prevailing upward channel.
📉 The scenario I'm playing out is the continuation of accumulation before the next upward wave. 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 of 0.382 of the downward wave.
💲 Nearest strong resistance zone: around fibo level 0.5 of the downward wave.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: 50/50
💲 Price action: the S&P500 again attacked a resistance zone which once again proved to be a very strong zone hard to break through. It looks like my cumulative scenario I wrote about in previous posts is starting to materialize. And it will take us some time before the next wave of increases begins. For now, I expect the accumulation to continue within the prevailing upward channel.
📉 The scenario I'm playing out is the continuation of accumulation before the next upward wave. 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 💲
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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 💲
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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.