SPY Trying to sustain above the trigger line still!! Moment below 4071 could bring Havoc in the US Market, Most chances are to be occurring around Next week !
S&P 500 is looking extremely dicey, we have formed a lower low on weekly and the drive up is most likely to trap retail traders and form a lower high. Watch how this plays out in the coming weeks.
Welcome to this analysis, where everyone noticed that the price of gold has collapsed again since yesterday, so it is expected to continue until the end of next week
Consequently, the SXP index is expected to recover until the end of next week
I recommend buying in the medium term and targeting targets on the chart
In the end, do not forget to consult your...
If the given support get breaked then we will see a downside move upto3800$ and if it also get breaked than we will go to the last support of 3731$ and following s&p btc will also go down upto its last support of 200 MA .
Be Cautious #headandshoulders #pattern (trend reversal) at #SPX weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Stock seems to be changing trend(Head and Shoulders pattern) ....
If breaks H-Support…
Short the index
Entry below 4062.51
Target 4000 but can go down till D-support zone
Stop loss 4154
If breaks price 4600 i.e C-supply zone and sustains above the C-supply zone..
Long the index
Entry above 4650
Target 4800 straight… as G-resistance level
Stop loss as per risk capacity
With high commodity prices, high input cost, China industrials hubs under lockdown, Fed hiking rate in tranches and Fibbo retracement on Weekly chart....It seems Winter is coming in 6-18 months... Be ready with your short strategies....
1. Market execution short at the 618 level
2. If it breaks the daily trendline (black line) you can stack your order and it confirms sellers are in complete control
