Short
📉📈 S&P500 Lack Of Strength To Continue Uptrend 📉📈
📉📈 S&P500 Lack Of Strength To Continue Uptrend
📉📈 Nearest strong support zone: around the 0.382 level of the upward wave.
📉📈 Nearest strong resistance zone: area of recent peaks.
📉📈 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
📉📈 Price action: S&P500 in recent days is no longer attacking the uptrends with the same momentum with which it rose after the breakout from the accumulation. This looks like the possibility of a small downward correction to test the support zone in order to gain confidence in the continuation of the increases.
📉📈 The scenario I am playing out is to wait for the upcoming bar correction to end and join the uptrend. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
📉📈 Nearest strong support zone: around the 0.382 level of the upward wave.
📉📈 Nearest strong resistance zone: area of recent peaks.
📉📈 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
📉📈 Price action: S&P500 in recent days is no longer attacking the uptrends with the same momentum with which it rose after the breakout from the accumulation. This looks like the possibility of a small downward correction to test the support zone in order to gain confidence in the continuation of the increases.
📉📈 The scenario I am playing out is to wait for the upcoming bar correction to end and join the uptrend. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.