Volatility continues thanks to Trump and Tariffs.
SPX500 just hit a key support zone around 5670.
Bulls need a good bounce here even if going lower.
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SPX500 just hit a key support zone around 5670.
Bulls need a good bounce here even if going lower.
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Trade active
"Little Bounce" indeed, per the title of this idea(yellow shaded area is from posting time)
About a 1% bounce, not bad
The "Ping" (exact ricochet) on fib zone made a confident entry.
Zero-DTE options gave decent profits, about 80% if closed early.
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Zoom in (m1) and add a fib to the bounce
Impulse off the green zone and its "Ripples"
The many "Pings" confirm the wave structure.
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So what next? one guess:
IF bulls can hold 5700 ish then maybe wave C to 5750
BUT tomorrow is Friday so more likely is:
Expecting a retest of the 5670 in best case.
Break of 5670 before weekend could get ugly.
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the Golden Ratio is my Religion
the Trading View is my Nation
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the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.