Technicals:
Bracing for a 4% to 10% market correction but with an end the year close to 6000 on the SPX500.
I speculate that this correction will last up to three months. Then, a rise up to about 6000 by the end of the year of 2025.
The buy zones are 2.5% to 4% deep from the all-time highs, and 9% to 10% deep from the all-time highs. The S&P500 is currently down 2.5% from its all-time high in confluence with a 38% fib. This may be the first biggest negative week since the beginning of 2024.
4% deep will be in alignment the first major daily horizontal support level at 5080 on SPX500. This is in confluence with a 61.8% fib, as well.
9% to 10% deep will be in alignment with the all-time high horizontal support of 2022, which is also in confluence with a 38% fib from the low of 2023 to April 1, 2024's high three days ago.
Daily chart:
Weekly chart:
Bracing for a 4% to 10% market correction but with an end the year close to 6000 on the SPX500.
I speculate that this correction will last up to three months. Then, a rise up to about 6000 by the end of the year of 2025.
The buy zones are 2.5% to 4% deep from the all-time highs, and 9% to 10% deep from the all-time highs. The S&P500 is currently down 2.5% from its all-time high in confluence with a 38% fib. This may be the first biggest negative week since the beginning of 2024.
4% deep will be in alignment the first major daily horizontal support level at 5080 on SPX500. This is in confluence with a 61.8% fib, as well.
9% to 10% deep will be in alignment with the all-time high horizontal support of 2022, which is also in confluence with a 38% fib from the low of 2023 to April 1, 2024's high three days ago.
Daily chart:
Weekly chart:
Not
Correction: I anticipate an SPX500 2.5%-10% Market Correction, then a rally to around 6000 By End of 2024, not 2025.Not
The potential evening star is potentially here if negative weekly close. Then, a needed drop.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.