🌍 The earth is turning against us, and it's time for us to board the spaceships leaving for Kepler-186f. Just kidding, it's not that bad!
However, we still have to expect another -15% in the S&P500 for the upcoming weeks. Our target area for the correction lies between 2900 and 2650. From there, we expect major support by the bulls and a turnaround towards higher quotations. The next hurdle the bears face on their way down is the last low at around 3200 points. This support has to be broken for a final confirmation of the correction.
What's your expectation for the upcoming weeks?
Stay save and happy trading!
However, we still have to expect another -15% in the S&P500 for the upcoming weeks. Our target area for the correction lies between 2900 and 2650. From there, we expect major support by the bulls and a turnaround towards higher quotations. The next hurdle the bears face on their way down is the last low at around 3200 points. This support has to be broken for a final confirmation of the correction.
What's your expectation for the upcoming weeks?
Stay save and happy trading!
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.