SPDR S&P 500 ETF TRUSTPanjang
S&P500 History repeats.Movements are not casual! Bullish💥
Hi All, my main 3 take-outs from this analysis are the following:
1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 470
2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 455, with a movement that might bring to the formation of a lateral continuation channel, but in my opinion the asset is well familiar with this kind of movement and my next closets target would be 470.
3- Once the price reaches 470 I would count on an extension of the movement towards 490, also with the help of Fibanocci extension of the previous upward leg
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 470
2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 455, with a movement that might bring to the formation of a lateral continuation channel, but in my opinion the asset is well familiar with this kind of movement and my next closets target would be 470.
3- Once the price reaches 470 I would count on an extension of the movement towards 490, also with the help of Fibanocci extension of the previous upward leg
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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.
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.