📈 S&P500 Increases Increases Increases Increases 📈

21 Jan 2023

📈 S&P500 Increases Increases Increases Increases

📈 Nearest strong support zone: around the lows of the last correction.

📈 Nearest strong resistance zone: around the fibo 0.5 level of the downward wave.

📈 Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

📈 Price action: the S&P500 broke out again during Friday's session, returning to the area of the peaks of the last uptrend. Looking at the price formation and the renewed attack in a northerly direction, given the fact that we are still at high levels and there is no question of a continuation of the downtrend for the time being, it looks like the possibility of a continuation of the third upward wave. I expect the continuation and maintenance of the upward movement over the next weeks months.

📈 The scenario I am playing out is the continuation of 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.

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4 Feb 2023

Nota