S&P500 at critical level - 2021 Y open
SPX bounced from March'21 open (3812) which act as strong SR zone. Next is 2021 Year open at ~3764 (even stronger SR).
These two levels make this area very good one for consolidation and relief bounce. Another factor - chart completed 3-4 impulse waves which usually is enough for either consolidation of correction.
But this is all in theory. At that moment I don't see any confirmation that downtrend is over. Want to see SPX price to grow above 3985 and find acceptance there for beginning.
These two levels make this area very good one for consolidation and relief bounce. Another factor - chart completed 3-4 impulse waves which usually is enough for either consolidation of correction.
But this is all in theory. At that moment I don't see any confirmation that downtrend is over. Want to see SPX price to grow above 3985 and find acceptance there for beginning.
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Crypto reviews - t.me/WiseAnalyze
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FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
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Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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