SP500 - Weekly
As we witnessed a strong bearish finish of last week, I'm expecting a final pop down to monthly support at Fib 50% of from the 2009 rally. We might see a slower drop than for the previous two weeks as many indicators are at extreme levels yet without any bullish divergence.
Daily movements may be volatile with high spikes up and lower drops as in a bear market.
Daily movements may be volatile with high spikes up and lower drops as in a bear market.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.