Hold on to your hats your shorts and if you're long you're going to be sore because SPX appears to be falling into the abyss.
You can see with the weekly MAs it has rejected at the 20 and now 50MA with a big sell candle. It looks very likely to trend down now.
And it topped out around that all significant 1.618 - you can see it captured both shoulders of an H&S.
So now the question is what type of correction or crash will be and can you guess my answer is probably as it should be - I dont know, so I wont be catching any falling knives...
That said I am looking at the 0.618 $2.9K area as a potential for reversal.
Not advice.
You can see with the weekly MAs it has rejected at the 20 and now 50MA with a big sell candle. It looks very likely to trend down now.
And it topped out around that all significant 1.618 - you can see it captured both shoulders of an H&S.
So now the question is what type of correction or crash will be and can you guess my answer is probably as it should be - I dont know, so I wont be catching any falling knives...
That said I am looking at the 0.618 $2.9K area as a potential for reversal.
Not advice.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
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Contact: t.me/dRends35
I run a technical 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
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Your FA guru can't read a chart💭
I run a technical 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 run a technical 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
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。