Indeks S&P 500Singkat
Downtrend ahead
Hello traders,
SPX prints a corrective structure and it is not yet finished.
Shortly after top is broken, a C wave is expected.
Clues for that:
- RSI gives divergence visible on daily, weekly and monthly charts
- top levels of 2955 doesn't hold and chart doesn't show strong price action
Rejection:
- strong daily bar above 2955 levels
Prognosis:
- final destination around 2385-2369 (19,5% down move)
- intermediate stop - 2586 levels (0618 Fib retracement level)
Trade:
Wait for confirmation of the reversal on daily.
Put stop loss
Do not risk more than 1-2% of your account, based on your stoploss. If you don't know how - ask me.
SPX prints a corrective structure and it is not yet finished.
Shortly after top is broken, a C wave is expected.
Clues for that:
- RSI gives divergence visible on daily, weekly and monthly charts
- top levels of 2955 doesn't hold and chart doesn't show strong price action
Rejection:
- strong daily bar above 2955 levels
Prognosis:
- final destination around 2385-2369 (19,5% down move)
- intermediate stop - 2586 levels (0618 Fib retracement level)
Trade:
Wait for confirmation of the reversal on daily.
Put stop loss
Do not risk more than 1-2% of your account, based on your stoploss. If you don't know how - ask me.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.