Following a low of 4,835 on 7 April – which touched gloves with an ‘alternate’ AB=CD support (1.272% Fibonacci projection ratio) at 4,983 – the S&P 500 index is on course to pencil in an ‘equal’ AB=CD resistance (100% projection ratio) at 5,746. Notably, the 5,746 level is accommodated by a 1.618% Fibonacci projection ratio at 5,718, as well as a nearby 61.8% Fibonacci retracement ratio at 5,652.
Also of technical relevance, the market index has completed the dreaded ‘Death Cross’, which is the 50-day SMA at 5,645 crossing below the 200-day SMA at 5,746 (converges with the above-noted resistance zone), and suggests that a longer-term downtrend could be on the cards.
Also of technical relevance, the market index has completed the dreaded ‘Death Cross’, which is the 50-day SMA at 5,645 crossing below the 200-day SMA at 5,746 (converges with the above-noted resistance zone), and suggests that a longer-term downtrend could be on the cards.
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。