Hi,
S&P 500 (SPX) has reached inside the area where it may make a correction after 6 continually bullish weeks.
Technically, I did everything I could to determine the area which can act as resistance (it is difficult if the asset makes all-time highs), it consists of:
1. 3x Channel projections. They all should work as resistance levels.
2. Minor trendline (light-blue)
3. Short-term AB=CD and actually at the moment, we are on the D point. So, do not be surprised if the correction starts from here (3120-3130)
4. 2-3x Fibonacci Extensions
5. The middle number 3200.
Basically, at the moment is this situation - if you can draw some logical lines from somewhere then they run through the marked red resistance box. The second considerable resistance box stays around 3400 but I think we will see a correction before we even reach there.
If the correction starts then probably it goes back to retest 3,000.
Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
S&P 500 (SPX) has reached inside the area where it may make a correction after 6 continually bullish weeks.
Technically, I did everything I could to determine the area which can act as resistance (it is difficult if the asset makes all-time highs), it consists of:
1. 3x Channel projections. They all should work as resistance levels.
2. Minor trendline (light-blue)
3. Short-term AB=CD and actually at the moment, we are on the D point. So, do not be surprised if the correction starts from here (3120-3130)
4. 2-3x Fibonacci Extensions
5. The middle number 3200.
Basically, at the moment is this situation - if you can draw some logical lines from somewhere then they run through the marked red resistance box. The second considerable resistance box stays around 3400 but I think we will see a correction before we even reach there.
If the correction starts then probably it goes back to retest 3,000.
Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
相關出版品
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。