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SPX500
breached through Macro Fibbonaci Golden Zone,
taken from the Highs of 4812 $ to the lows of 3489 $.
Although managing to do so, must be noted that
SPX500
is Dead in Volume(below average volume) and overbought in RSI .
Weekly Close in 2Days 13hrs.
Regarding it's Price Action, the overall condition of
current uptrend still intact, as long as it maintains
the support trendline and remains above HL (to have a BoS).
TRADE SAFE
*** This is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking in any trading activity based solely on this idea
SPX500
breached through Macro Fibbonaci Golden Zone, taken from the Highs of 4812 $ to the lows of 3489 $.
Although managing to do so, must be noted that
SPX500
is Dead in Volume(below average volume) and overbought in RSI .
Weekly Close in 2Days 13hrs.
Regarding it's Price Action, the overall condition of
current uptrend still intact, as long as it maintains
the support trendline and remains above HL (to have a BoS).
TRADE SAFE
*** This is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking in any trading activity based solely on this idea
Comment:
Throwing in EMA's ,
we can clearly see Price it's over extended .
Pulling back to 20 & 50 EMA would be healthy in terms of price action