看空
S&P500: Bearish Continuation Pattern, How Far It Will Go?
Hello Fellow U.S. Investor/Trader, Here's a Technical outlook of S&P500!
Chart Perspective
S&P500 is forming ascending broadening wedge pattern after rejecting the resistance area. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
There are also worsening macroeconomic conditions such as a high inflationary environment (8.6% Inflation Rate) and the declining Consumer Confidence Index. The Fed responded to the high inflationary environment by doing Quantitative Tightening and raising the interest rate, potentially increasing the probability of a further move downward on the S&P500.
*All the explanations are presented on the chart*
*The Outlook will be active after the price hits the confirmation line.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position in the Index".
Chart Perspective
S&P500 is forming ascending broadening wedge pattern after rejecting the resistance area. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
There are also worsening macroeconomic conditions such as a high inflationary environment (8.6% Inflation Rate) and the declining Consumer Confidence Index. The Fed responded to the high inflationary environment by doing Quantitative Tightening and raising the interest rate, potentially increasing the probability of a further move downward on the S&P500.
*All the explanations are presented on the chart*
*The Outlook will be active after the price hits the confirmation line.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position in the Index".
交易進行
註釋
Support our content by smashing the like and follow button, you also can share your opinion in the comment section below.
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。