SNP500 (SPX) Upper Target Has Reached, Next Plan

By vikinsa
Traders, SNP500 has reached our target of 3656 and now it is falling. I am short biased on this now but there can be one last push higher. If comes above 3656 then we will look for short trade opportunity in the FCPzone (Fibonacci Confluence Pattern Zone) around 3700. Else the next target is 3600.

As this is the last week of the month and that too a short one due to Thanks Giving, be extra careful.


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Take care and trade well
-Vik

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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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fcpanalysisfcpstrategyfcpzoneFibonaccifibonaccianalysisFibonacci ConfluenceHarmonic PatternsMultiple Time Frame Analysissnp500S&P 500 (SPX500)vikinsa
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