The S&P 500 Index(
SPX500) is one of the most important indexes in the financial market these days, with the cryptocurrency market and especially Bitcoin(
BTCUSDT) having a strong correlation with this index.
After Donald Trump suspended tariffs on 90 countries (except China), the S&P 500 Index started to rise and seems to have managed to break through the Resistance zone($5,284-$5,094) and is pulling back to this zone.
One of the signs of a reversal of the S&P 500 Index can be the formation of the Hammer Candlestick Pattern, which announces the end of the pullback.
In terms of Elliott Wave theory, it seems that the S&P 500 Index is completing a corrective wave that could be in the form of a main wave 4 (it is correcting both in time and price).
I expect the S&P 500 Index to resume its upward trend in the coming hours, if nothing special is released, and to reach the Resistance zone($5,680-$5,500) and Yearly Pivot Point. If this happens, today's Bitcoin analysis could also be correct.
Note: In the worst case, if the S&P 500 Index touches $5,050, we should expect a further decline in the S&P 500 Index and Bitcoin.
Do you think the S&P 500 Index will return to an upward trend, or is this increase temporary?
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD),1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SPX500) is one of the most important indexes in the financial market these days, with the cryptocurrency market and especially Bitcoin(BTCUSDT) having a strong correlation with this index.After Donald Trump suspended tariffs on 90 countries (except China), the S&P 500 Index started to rise and seems to have managed to break through the Resistance zone($5,284-$5,094) and is pulling back to this zone.
One of the signs of a reversal of the S&P 500 Index can be the formation of the Hammer Candlestick Pattern, which announces the end of the pullback.
In terms of Elliott Wave theory, it seems that the S&P 500 Index is completing a corrective wave that could be in the form of a main wave 4 (it is correcting both in time and price).
I expect the S&P 500 Index to resume its upward trend in the coming hours, if nothing special is released, and to reach the Resistance zone($5,680-$5,500) and Yearly Pivot Point. If this happens, today's Bitcoin analysis could also be correct.
Note: In the worst case, if the S&P 500 Index touches $5,050, we should expect a further decline in the S&P 500 Index and Bitcoin.
Do you think the S&P 500 Index will return to an upward trend, or is this increase temporary?
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD),1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade ativo
Trade was activate = above Hammer Candlestick PatternTrade fechado: objetivo atingido
First Target Done in this analyze.
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Publicações relacionadas
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.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Publicações relacionadas
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.