๐ฒ S&p500 Is It Already a Continuation of Growth? ๐ฒ
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๐ฒ S&p500 Is It Already a Continuation of Growth?
๐ฒ Nearest strong support zone: around the fibo levels of 0.382 of the downward wave.
๐ฒ Nearest strong resistance zone: around local peaks.
๐ฒ Technical environment:
๐ Moving averages: Uptrend
๐ MACD: Downtrend
๐ RSI: Uptrend
๐ฒ Price action: the S&P500 has no plans to fall, this is evident from today's trading session in which we held near yesterday's levels. Everything looks like a potential continuation of the uptrend could happen as early as this week, although I expect a retest of the 4100 area before breaking new highs
๐ The scenario I'm playing out is a continuation of the uptrend after a minor correction. 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.
๐ If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. ๐
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.