SPDR S&P 500 ETF (SPY)
MSFT is a screaming bubble. What will make it pop?Is this a fundamentally driven move (not a bubble, sustainable) or Papa Powell printer move? More chances of the latter.
The S&P 500 Starts To Bounce? Support & Resistance MappedThe S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all scenarios.
If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested.
If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis.
If support holds, we can expect prices to move back up.
You can find my previous weekly analysis here: www.tradingview.com
Thanks a lot for reading...
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Namaste.
SP500 LongOne can go long in the s&p 500 at current levels for new all time highs. Its a trade with great risk to reward at this juncture.
S&P 500 Alternate count (Downside view) September onwardsPreviously I was considering only a bullish count in which the Wave 4 was completed but here I have analyzed an alternate count in which I have discussed the downside possibility.
Which count will play out will soon become clear but if the downside plays out then we can see targets around the 1800 mark.
To be more precise the expected targets are -
Target 1 : 1990
Target 2 : 1865
Target 3 : 1788
