מדד S&P 500לונג
S&P 500: POSSIBLY REPEATING 1978, WATCH 4150 ZONE
Taking a look at the 3 Day chart, we can clearly see our golden cross on the 50 / 200 MA remains intact & no death cross has taken place yet to confirm a major bearish structural shift
While Studying the past 45 years of the S&P 500, I found one instance in which SPX printed 4 consistently red 3-day candles in a row, SIMULTANEOUSLY AFTER A 3 DAY GOLDEN CROSS:
Enter: October, 1978
As we can see, prices bottomed on the 4th RED CANDLE, & traded sideways for an extended period of 8 months before regaining bullish momentum
And the 3 day chart DID NOT PRINT A DEATH CROSS AS PRICES STABILIZED
This indicates to me that no major sell off seems to be coming * AS OF NOW *
Therefore, I believe markets should bottom between now & October 12
BUT IN THE MEANTIME PAY CLOSE ATTENTION TO THE 4150 - 4050 RANGE ON SPX...
4150 IS THE 0.5 FIB RETRACEMENT ZONE SO I EXPECT THIS LEVEL OF SUPPORT TO BE CRITICAL
While Studying the past 45 years of the S&P 500, I found one instance in which SPX printed 4 consistently red 3-day candles in a row, SIMULTANEOUSLY AFTER A 3 DAY GOLDEN CROSS:
Enter: October, 1978
As we can see, prices bottomed on the 4th RED CANDLE, & traded sideways for an extended period of 8 months before regaining bullish momentum
And the 3 day chart DID NOT PRINT A DEATH CROSS AS PRICES STABILIZED
This indicates to me that no major sell off seems to be coming * AS OF NOW *
Therefore, I believe markets should bottom between now & October 12
BUT IN THE MEANTIME PAY CLOSE ATTENTION TO THE 4150 - 4050 RANGE ON SPX...
4150 IS THE 0.5 FIB RETRACEMENT ZONE SO I EXPECT THIS LEVEL OF SUPPORT TO BE CRITICAL
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.