S&P 500 Index
Short
Aktualisiert

S&P500 - The stock market is correcting!

4 134
💰S&P500 (SPX) can create a healthy correction:
Snapshot

🔎Analysis summary:
Basically since 2009, the S&P500 has been respecting a major rising channel pattern. And with the recent retest of the resistance trendline, a correction was overall quite expected. Regardless of what happens though, this offers a significant buying opportunity.

📝Levels to watch:
$6,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade ist aktiv
💰S&P500 (SPY) is nicely heading lower:
Snapshot

🔎Analysis summary:
For the past six months, the S&P500 has overall been completely flat. Yet in the meantime we witnessed mutiple bearish confirmations indicating a clear push lower. And after all this time, the S&P500 is starting the expected bearish correction of about -15%.

📝Levels to watch:
$600

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade geschlossen: Ziel wurde erreicht
💰S&P500 (SPY) already crashed about -10%:
Snapshot

🔎Analysis summary:
The S&P500 already perfectly created a healthy correction of about -10% from its all time highs. And looking at the higher timeframe, this correction does not fully seem to be over. Although it is already a good time to start buying this recent market correction.

📝Levels to watch:
$600

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

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