The S&P 500 Index(
SPX) has finally touched the Resistance zone($5,680-$5,500) as I expected in my previous post.
The S&P 500 Index is moving near the Resistance zone($5,680-$5,500), the Resistance line, and Yearly Pivot Point.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
In terms of Elliott Wave theory, it seems that the S&P 500 Index is completing the Zigzag Correction(ABC/5-3-5), and if the uptrend line breaks, we can confirm the end of the Zigzag correction.
When the S&P 500 Index started to rise on April 22, Bitcoin also started to rise at the same time, so a decline in the S&P 500 Index can cause Bitcoin(
BTCUSDT) to decline.
I expect the S&P 500 Index to drop to at least $5,313 AFTER breaking the uptrend line.
Note: If the S&P 500 Index touches $5,712, we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD),2-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.
SPX) has finally touched the Resistance zone($5,680-$5,500) as I expected in my previous post.The S&P 500 Index is moving near the Resistance zone($5,680-$5,500), the Resistance line, and Yearly Pivot Point.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
In terms of Elliott Wave theory, it seems that the S&P 500 Index is completing the Zigzag Correction(ABC/5-3-5), and if the uptrend line breaks, we can confirm the end of the Zigzag correction.
When the S&P 500 Index started to rise on April 22, Bitcoin also started to rise at the same time, so a decline in the S&P 500 Index can cause Bitcoin(
BTCUSDT) to decline.I expect the S&P 500 Index to drop to at least $5,313 AFTER breaking the uptrend line.
Note: If the S&P 500 Index touches $5,712, we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD),2-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.
Transaction en cours
My position was activated = Seems like a good Risk-To-Reward value.Note
Still Running, S&P 500 Index did not touch our Stop Loss(SL)=$5,712
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Publications connexes
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.
🚀 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
Publications connexes
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.