Short
SPX Short : Technical Target 4230
SUMMARY: Short, an ABC correction is in progress and has bounced off the 0.786 resistance and is forming a new C wave with volume.
The next target is the 1.618 retracement level and is a previous swing low as support, usually a very strong support level.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
The next target is the 1.618 retracement level and is a previous swing low as support, usually a very strong support level.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Note
If the rejection at 0.618 continues, possible 5th wave impulse:Note
with an rejection off the 50 MA and further bad economic news , could see the 4200 level met.Note
Rejection complete - downtrend continues
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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.