TraderFromTheNorth

S&P 500 BULLISH Rally coming...

看多
TraderFromTheNorth 已更新   
SP:SPX   標準普爾500指數
S&P 500 has been selling off but looks like it has finally settled into a Support Range (11470 - 12400). I believe this is the lowest it will fall during this move and then we will get a bounce from this area. We may see it sit here for the rest of the week, bouncing up and down. This may even last for a couple of weeks. However, when it finally breaks out of this range... that is when I see a big rally coming. We have Bullish Divergence on the RSI.

Sidenote: We are in a BEAR market in 2022. When the rally comes, it will be a big rally but it will be short-lived. There will be many bullish rallies but all of these bullish rallies will likely end up in a Bull trap and a big sell-off to take the market down lower. This is more of a trader's market than a long-term investor's market. I wouldn't be trying to pick up positions to hold long term. I'd only be focused on trading the swings. We don't know how low this thing will go, so I wouldn't be trying to just buy stocks to hold or anything until this market creates a floor. I will update when it does.
評論:
EDIT: I meant Support Range (3800 - 4000) in my first sentence.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。