S&P 500 Is it time to sell now?
S&P500 has hit all of our targets since last forecast. We can immediately highlight Resistance 1 (400-402p). We made a fake breakout of the local trend and went up, this is the first significant buys in 20 days of falling, plus we see good volumes.
Now I would not expect any sudden movements, because after such a fall we have to stand a little. While we are below Resistance 1 (400-402p.) all scenarios are short.
I see retest of the resistance but it is unlikely that we will be able to break through with this attempt, but if good buys appear during the Support 1 test and the trend line there is a chance of breaking through in the second time.
If the purchases do not come and we will be pressed to our support then most likely we will see a fall further, the first target will 380p.
Now I would not expect any sudden movements, because after such a fall we have to stand a little. While we are below Resistance 1 (400-402p.) all scenarios are short.
I see retest of the resistance but it is unlikely that we will be able to break through with this attempt, but if good buys appear during the Support 1 test and the trend line there is a chance of breaking through in the second time.
If the purchases do not come and we will be pressed to our support then most likely we will see a fall further, the first target will 380p.
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.