Possible BIG Short movement for SPX

5 בדצמ׳ 2022

Possible BIG Short movement for SPX

We can that currently we are close to one of the biggest resistence points of 4100.

4800, 4600, 4300, 4100 Were the biggest resistence points for 2022, so we can use these values for future references.

In this year, we had 2 big bullish movements and 2 big bearish movements, all of them very similar, around 18% .

If history is going to repeat itself and the 4100 is going to act as a huge resistence point for the bullish trend,
we can expect a possible downfall until 3400/3300 according to the past movements.

However, if we are going to break 4100, we can have a possible 5% long continuation movement until 4300 which is the next big resistence point.