S&P 500 to reach 4118 or 3990.5 before next bounce
If S&P 500 closes below support level of 4291.25, which has held since July of 2021, then that would be confirmation of the following idea.
The S&P 500 is likely headed to 4118 or 3990.5, which are the fib extensions of the downtrend which began on Jan 4, 2022, marked as point A on the chart.
Points A, B, and C on the chart were used to create a "Trend-based Fib extension" with the same tool that is built into Trading View.
A close above 4291.25 would threaten to invalidate this idea.
The S&P 500 is likely headed to 4118 or 3990.5, which are the fib extensions of the downtrend which began on Jan 4, 2022, marked as point A on the chart.
Points A, B, and C on the chart were used to create a "Trend-based Fib extension" with the same tool that is built into Trading View.
A close above 4291.25 would threaten to invalidate this idea.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.