Get started
kitchen_trading

SPX500: next 2 scenarios

Short
kitchen_trading  
CURRENCYCOM:US500   None
Fibonacci Support and Resistance Elliott Wave S&P 500 (SPX500) us500 spx500short analysis spx500forecast signalprovider signalservice
7
2
fibonacci supportandresistance elliottwaves spx500 us500 spx500short analysis spx500forecast signalprovider signalservice
#SPX500 has just touched the strong bearish trendline you can see on Daily.

Now 2 scenarios.

First Scenario: The price breaks it and go up until 2800 (Fibo 50%) first and then 2935 (Fibo 61%)
Second Scenario (on our opinion the most credible): the price breaks the support, bounces on hit and go to complete the Elliot Wave on point 5 (and 1.618%) at 2000.
beacons.ai/tradingkitchen

Related Ideas

kitchen_trading
SPX500 ready to short, again
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.