TheAnonymousBanker

S&P 500 (CFD): Sell every technical rebound in short term?

שורט
TheAnonymousBanker מעודכן   
OANDA:SPX500USD   מדד S&P 500
...from a technical point of view and looking at hourly chart, the answer is "yes"!
Hello everybody!
If we look at the whole bullish movement started from 22 October 2022, it doesn't seem to me an impulsive rally, far from it! The developed swing seems to be something similar to a corrective structure (ABC Pattern as shown on chart), and if this analysis is correct, $SP500 should trigger an interesting bearish leg with targets around 3710/3650 area.
Today and tomorrow very important US data will be released and we must not forget that if the data will be good it is possible that the market reacts on the opposite side....
If we look in the long term, I am absolutely a bearish as well as shown in the chart below.
(Click & Play on Chart below)

Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
הערה:
Some technical levels.... ... I hope they can be useful... 💗
הערה:
30' chart...
הערה:
30' chart
הערה:
it might be interesting to also follow 3968 as an extension, it would be the best level....
הערה:
הערה:
הערה:
הערה:
הערה:
הערה:
הערה:
הערה:
very fast target (H&S)
הערה:
הערה:
הערה:
approach to important support area....
הערה:
הערה:
The support area seems to work correctly, but if it triggers a correction or a reversal, we will know this in a few hours because it will depend on "how" the swing will develop...
הערה:
הערה:
I'm not sure if I will keep posting updates about this setup, but the trade is safe, as I mentioned a few days ago, I moved stop loss to BE. Trade with care! 💗
הערה:
other considerations below
www.tradingview.com/...S-P500-Dollar-Index/
הערה:
הערה:
The current environment is very serious, if you are not a gambler, be careful about going long in the markets... IMHO 💗
הערה:
הערה:

🔔 2024 Forex Long Term Analysis:
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange

Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
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.