SPX - If Crash Where Buy
Just a quick and simple look at MAs considering SPX after an initial breach is now threatening the 50WMA.
In 2016 and late 2018 the 200WMA was or was near the reversal point and if this is a nominal correction then perhaps it will provide support again.
Also there is support from Feb 20 peak and the 0.5 fib retracement.
A reasonable guess seems to be that SPX can correct (crash) down and overshoot passed Feb20 and 200WMA support to fakeout and tag the 0.5 fib.
It could perhaps reach down to the 0.618 in a steeper correction.
If it happens I wont be buying falling knives. I'll be looking for buying pressure coming in and relevant candles for longer term swing trades and maybe even some bottoms.
Not advice.
In 2016 and late 2018 the 200WMA was or was near the reversal point and if this is a nominal correction then perhaps it will provide support again.
Also there is support from Feb 20 peak and the 0.5 fib retracement.
A reasonable guess seems to be that SPX can correct (crash) down and overshoot passed Feb20 and 200WMA support to fakeout and tag the 0.5 fib.
It could perhaps reach down to the 0.618 in a steeper correction.
If it happens I wont be buying falling knives. I'll be looking for buying pressure coming in and relevant candles for longer term swing trades and maybe even some bottoms.
Not advice.
I'm taking it easy on TradingView👋🏻.
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I'm taking it easy on TradingView👋🏻.
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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。