S&P 500 moving to Resistance 2950 and Support 2800???

29 במאי 2020

Took a shot at the longer term trend of the S&P 500 from April through today. Looking to Monday to confirm my analysis.

• If the down trend holds, then I expect the S&P 500 to establish a resistance level at 2950 and test the support of 2800 over the coming weeks.
  
• If it rebounds, then up to 3140 or maybe even 3200.
  

What do you think?

29 במאי 2020

הערה

Found this Wyckoff chart. It is almost a perfect match.
school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffdistribution2.png