Mihai_Iacob

SP500- I expect a drop to support

שורט
OANDA:SPX500USD   מדד S&P 500
In my previous SP500 analysis I said that the index could rise above the 4k figure and reach the next important resistance zone and, indeed, after it broke above the falling trend line and the horizontal support it accelerated gains and reached my target.
Now, although the rise from the recent bottom looks pretty bullish for the medium term, this 10% growth needs a correction.
From a technical point of view, as I said, we are facing strong resistance and the overall trend, which started this year, is not yet clearly bullish
In conclusion, selling around this zone can be a good strategy with a great R: R if we target 3.9k support

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.