I have just drawn all the technically possible scenarios in the daily chart.
HOWEVER: With the signs of a cooling economy, continued rate hikes and possible incoming recession, I highly doubt, that the S&P500 could continue its bull rally to 5200. Even the moderate price target in case of a potential "W" forming after the index broke the falling wedge would be above 4800Pts. In my opinion that is illusory for the next few years.
HOWEVER: With the signs of a cooling economy, continued rate hikes and possible incoming recession, I highly doubt, that the S&P500 could continue its bull rally to 5200. Even the moderate price target in case of a potential "W" forming after the index broke the falling wedge would be above 4800Pts. In my opinion that is illusory for the next few years.
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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.