InvestMate 💲 S&P500 Continuation of Accumulation 💲

Feb 10, 2023

💲 S&P500 Continuation of Accumulation

💲 Nearest strong support zone: around the fibo level 0.382 of the downward wave.

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

💲 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Downtrend

📊 RSI: Uptrend

💲 Price action: S&P500 another day in a row did not make any significant moves. Next week may bring us a continuation of the flat correction I wrote about in previous posts. For now, we need to wait for the establishment of some formation confirming the continuation of the uptrend.

📉 The scenario I am playing is the continuation of the accumulation. I do not exclude changing the scenario in case of a sudden change in the market situation. I am 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 carefully read the description.

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Feb 13, 2023

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