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S&P 500S&P 500: The monthly chart shows the near vertical move that has transpired since the 2020 Covid Crash. Is a correction due…
A 10% correction (seen most years) would take the S&P to the area around the blue Tenkan line around 4156 and the 24% retracement target at 3990. The red Kijun line and the 50% retracement from the Covid Low to the 4545 high shows a support target down at 3368. Further risk identified between 2695 and 2460
SPX S&P500 Key Support to be tested todayAfter multiple days of trending downwards, the S&P500 reached a key support level at 4450usd that it needs to hold in order to continue the overall upside trend.
If it breaks lower, the target is -7%, so 4138usd.
I`m looking forward to read your opinions on it.
SELL SPX500At the morning I posted that the market will make a little correction then it will continue going up, it managed to go short, my clients and I have reversed at the place I put the arrow, thanks to god we have recovered the loss moreover we have made a profit and our position still on, you can sell and make a bprofit in the US session.
SPX GOING HIGHERI was told once or more, that fib numbers were meaningless. And truthfully they are but, if enough people believe in them they become real?
you decide.
ConclusionAt the morning I posted that the market will go short, but after a while I found that I was wrong, so my clients and I managed to reverse at the place i put the red circle then we ended by recovering the loss and making a good profit thanks to God.
If you're a beginner follow me so you can get forecasts on S&P 500, I always post forecasts 1 hour after opening my trade and giving the forecast to my clients, which means it will be a little bit late, however you still can make a profit.
See you tmomorrow in another forecast !
US30: Growth Will Resume Soon
Correctional movement is coming to an end on US30.
We believe that bullish continuation will resume soon.
The market already leaves bullish clues on intraday time frames,
so be prepared.
First goal - 35600 (current structure high)
❤️Please, like this post and support as with a comment!
ConclusionToday I posted a forecast where I said that the S&P 500 will go Long, but unfortunately it gone Short, which is normal because this is rading !
As you can see I posted the forecast at the place where I put the white circle and my clients and I closed our trade at the place where I put the yellow circle then we flipped out and got in a SELL position where we made a good profit. I wanted to post it for you after I got in it but I was a little bit busy I had no time to connect to my tradingview account and post the forecast for you.
See you tomorrow in another forecast and have a good night !