SPX is not looking good. We are currently fully paid for the uptrend channel breakdown target. However, head & shoulder breakdown target is not met and the attempt to climb back above the neckline was rejected today. Any further breakdown could drag the index to $3700 - $3800 area which represents 21% drawdown and 1.382 fib extension area.
I am hoping we don't pay head and shoulder breakdown measured move in full. What do you think? Do we see $3700 - $3800 before finding the bottom?
I am hoping we don't pay head and shoulder breakdown measured move in full. What do you think? Do we see $3700 - $3800 before finding the bottom?
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.