Can SPX reach 3000?
Last week, following NFP, the Index generated a bullish signal when it climbed back up above all MA lines and above the 2730-2750 resistance zone.
Now SPX is facing 2800 - A structure zone that will try to prevent the Index from climbing north.
Based on harmonic pattern we see that there's a potential Butterfly pattern with completion just below 3000
If SPX will continue its bullish momentum and climb above the 2 resistance zones that stand in its way (2800 and 2850-2880) the next stop will be 3000 and the PRZ of the Butterfly pattern
You can read more about this analysis and others in this weeks newsletter #WeeklyMarketsAnalysis
Have a great trading week
Last week, following NFP, the Index generated a bullish signal when it climbed back up above all MA lines and above the 2730-2750 resistance zone.
Now SPX is facing 2800 - A structure zone that will try to prevent the Index from climbing north.
Based on harmonic pattern we see that there's a potential Butterfly pattern with completion just below 3000
If SPX will continue its bullish momentum and climb above the 2 resistance zones that stand in its way (2800 and 2850-2880) the next stop will be 3000 and the PRZ of the Butterfly pattern
You can read more about this analysis and others in this weeks newsletter #WeeklyMarketsAnalysis
Have a great trading week
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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。