S&P500: Future 4 hour chart - March 29th.
Updated
S&P500 future – After previous analysis March 15th. S&P500 recaptured 3910 and 3930 and we reached 3980 point.
Bear scenario:
It is important for bulls to hold the price zone of the break out line 3920 - 3930. Should this price zone be undercut, a furhter correction could push the bulls back into our price zone of 3880 – 3860 – 3850 ect.
Reversal zone 3793 and 3722.
Bull scenario:
The next upside target is at 3995 - 4005 and then 4020. Upside and downside targets see chart.
Always be prepared and trade one level at a time, as no one knows when we have a high or a low in place. The last one that occurred was the market panic in February/March of 2020.
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for a pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Bear scenario:
It is important for bulls to hold the price zone of the break out line 3920 - 3930. Should this price zone be undercut, a furhter correction could push the bulls back into our price zone of 3880 – 3860 – 3850 ect.
Reversal zone 3793 and 3722.
Bull scenario:
The next upside target is at 3995 - 4005 and then 4020. Upside and downside targets see chart.
Always be prepared and trade one level at a time, as no one knows when we have a high or a low in place. The last one that occurred was the market panic in February/March of 2020.
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for a pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Note
S&P500 future – After previous analysis March 29th. S&P500 held the breakout line of 3920 and 3930 and we reached 4075.Bear scenario:
It is important for bulls to hold the price zone of 3995 - 3980. Should this price zone be undercut, a further correction could push the bulls back into our price zone of 3960 – 3920.
Reversal zone 3793 and 3722.
Bull scenario:
The next upside target is at 4095 - 4113 and then 4180.
Germany30 and S&P500 Intraday analysis August 23rd. and weekly update 34. Posted at twitter: twitter.com/SP500_Dow
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