UPDATE ON SP-500
Yesterday's price action settled on the 0.707 level of the complement range and sharply closed above the inflection point marked in blue.
In the post we discussed that the 0.618 level holds the door if price will reach the base of the range at 3960.10.
In contrast to DJIA, today's opening price for SPX is still holding above the 0.618 level trading between the mean and inflection.
If it moves past the mean then we can have price reaching 4510 level first before any reversal.
If we have a close below the inflection point then price trend resumes towards the base.
Trade responsibly.
In the post we discussed that the 0.618 level holds the door if price will reach the base of the range at 3960.10.
In contrast to DJIA, today's opening price for SPX is still holding above the 0.618 level trading between the mean and inflection.
If it moves past the mean then we can have price reaching 4510 level first before any reversal.
If we have a close below the inflection point then price trend resumes towards the base.
Trade responsibly.
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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。