The S&P500 may have started its pullback Friday after reaching the R1 pivot target where we expect a rejection back tot he daily pivot. at $6950, where the 0.5 Fibonacci retracement sits, just above the previous ATH.
A high confluence retracement area.
This will spook market participants, potentially causing a mass capitulation event before continuation of the bull run, leading to retail FOMO-ing back in higher as exit liquidity.
There is also a large gap to fill at the 0.786 Fib retracement area and S1 pivot at $6700.
A high confluence retracement area.
This will spook market participants, potentially causing a mass capitulation event before continuation of the bull run, leading to retail FOMO-ing back in higher as exit liquidity.
There is also a large gap to fill at the 0.786 Fib retracement area and S1 pivot at $6700.
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.