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S&P 500 Index
Long

S&P500 - Hammer time, good chance of a rebound. $SPX

By BillionsFund
Hammer on the daily chart needs confirmation, but the low price coincides with the Fibonacci level 2 and the static support of the November 2020 high. The stochastic is oversold on the daily, weekly and monthly chart is at 2008 levels. Previous situations always followed by a rebound. On the weekly chart, the rebound occurred followed by an increase in volumes which at this time are still low. Friday's downside stopped at a double low from June 2022. If confirmed, there is a good chance of a rebound. Take care.
investinginvestmentS&P 500 (SPX500)tradingtradingideastradingsignalstradingstrategiestradingviewTrend Analysiswallstreet
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