This is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February.
I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP 500.
Also I am not as expierenced trading the SNP as i am in other markets so take my charts as just guides as another traders viewpoint so you can further make your own desicions
I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP 500.
Also I am not as expierenced trading the SNP as i am in other markets so take my charts as just guides as another traders viewpoint so you can further make your own desicions
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.