Navigating the S&P 500
🟢 Navigating the S&P 500
The S&P 500 index is near all-time highs, and many voices are starting to question these prices, even talking about a bubble. But is this true?
Setting aside opinions and focusing on technical analysis, it's important to note that as long as we don't lose the $5,860 level, we will remain in a bullish market. Therefore, buying in that area is interesting in terms of risk/reward.
Losing this level places us in a sideways zone, where range trading can be sought, knowing that we could be sideways for months.
Finally, if the $5,670 zone is lost, we would indeed be facing a bearish market where more severe corrections could occur.
✅ What pattern is unfolding in
SPX ?
We are seeing a Head and shoulders pattern developing, but we need to break the 5.860$ level to confirm it.
Consequently the break of the level confirms at least a Neutral market but also a H&S pattern!
✴️ Do you want me to analyze any market? Just comment below which market you want me to analyze.
ENJOY AND FOLLOW for more 😊
The S&P 500 index is near all-time highs, and many voices are starting to question these prices, even talking about a bubble. But is this true?
Setting aside opinions and focusing on technical analysis, it's important to note that as long as we don't lose the $5,860 level, we will remain in a bullish market. Therefore, buying in that area is interesting in terms of risk/reward.
Losing this level places us in a sideways zone, where range trading can be sought, knowing that we could be sideways for months.
Finally, if the $5,670 zone is lost, we would indeed be facing a bearish market where more severe corrections could occur.
✅ What pattern is unfolding in
SPX ?We are seeing a Head and shoulders pattern developing, but we need to break the 5.860$ level to confirm it.
Consequently the break of the level confirms at least a Neutral market but also a H&S pattern!
✴️ Do you want me to analyze any market? Just comment below which market you want me to analyze.
ENJOY AND FOLLOW for more 😊
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