S&P500 (
SPX) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
Over the past couple of days, we have been seeing a quite harsh stock market "crash" with an overall correction of about -20%. However, as we are speaking the S&P500 is already retesting a major confluence of support and if we see bullish confirmation, this drop might be over soon.
Levels to watch: $4.900
Keep your long term vision,
Philip (BasicTrading)
SPX) is retesting massive support:Click chart above to see the detailed analysis👆🏻
Over the past couple of days, we have been seeing a quite harsh stock market "crash" with an overall correction of about -20%. However, as we are speaking the S&P500 is already retesting a major confluence of support and if we see bullish confirmation, this drop might be over soon.
Levels to watch: $4.900
Keep your long term vision,
Philip (BasicTrading)
Trade ativo
Trading update on S&P500 (SPX):Click chart above to see the detailed analysis👆🏻
Just some simple support & resistance and a little bit of patience later, the S&P500 rallied about +10%, perfectly respecting the confluence of support. Obviously we have to wait for the candle to close, but with such a significant rejection wick, this looks quite bullish.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
Trade fechado: objetivo atingido
Trading update on S&P500 (SPX):Click chart above to see the detailed analysis👆🏻
I still strongly believe that we already saw the bottom of the stock market correction. However, it is totally possible that the S&P500 just drops again back to the previous support area, filling all the institutional orders which actually missed the crazy +10% pump recently.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
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#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.