SPX 15 to 25 Percent Fall ?

2024年1月5日

SPX from current level formed a double top and with history of price aciton repeating weekly RSI oversold a confluence with double top ,Fed hinting a rate cut all giving a sign of fall with 15 percent fall it will test 4100 area ,25 percent will test 3600 area. My view is not to go long any negative price action here on current level short market can hold until gives a change of character to bullish.

I gave my view and probability any views on the same please comment.

2024年1月6日

註釋

correction it is overbought not oversold mentioned in chart and above comment section, Sorry for confusion.

2024年1月6日

註釋

Updated One

2024年2月17日

註釋

Double Top failed to held for downside now 4700 area will act as support earlier it was resistance.

2024年2月17日

註釋