S&P500 Analysis- 7TH May2022If 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
US500.F trade ideas
S&P 500 - BreakdownAlong with the Nasdaq..the other index that looks brutal is the S&P500.. Bad breakdown coming..
How badly this war will escalate is anybodies guess but with rising inflation and war like environment these are pure signs to be cautious with buying new stocks or quickly buying the dip..
Be patient and lets see what happens over the next couple days.
SPU- SPOOS OOPS NUMBERSChart details in text is self explanatory. We have completed shoulder and head and are now in right shoulder (view negates above 4630 close).. What is interesting is the current move down which is impulsive... can extend the move towards 4030-80... 4300 close confirms 4630 close negates.