Yesterday’s GameStop phenomenon shook the markets, and the S&P500 took a hard hit, falling under the mark of 3750 points. However, we believe that this shock is short-lived, which means that we expect the S&P to rise again. Before we reach the critical resistance zone, which has been tested several times by the index over last couple of weeks, there is a 38% chance of a larger collapse all the way down below 3608 points. If the S&P500 can breach the resistance at 3868.9 points without collapsing, then we will experience a strong growth going forward.
Stay tuned for more daily updates!
Stay tuned for more daily updates!
📊 Daily market insights combining macro + Elliott Wave analysis
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.