S&P 500 - Fibonacci rejection - upside active

מעודכן
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions.

Where did price fall to?
Key Fibonacci 0.618 - 0.705 levels
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing [highlighted blue].

We are currently long but await the next buy from a daily low.
S&P 500 - 2021 full analysis


See the Vix vs S&P500
תמונת-בזק


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עסקה פעילה
Target 1 is met
4hourchartBeyond Technical AnalysisDescending ChannelEconomic CycleslupacapitalpartnersS&P 500 (SPX500)Supply and DemandTechnical Analysisus500vixlong