S&P500 / US500 tested this week its 1week MA50 successfully as the price almost touched it and rebounded.
We have seen this kind of behavior in the last 9-12 months before a Bull Cycle tops.
In fact with the 1week RSI trending downwards on a bearish divergence, today's price action looks more similar to the October 13 2014 1week MA50 fakeout, which was breached marginally but rebounded immediately.
Based on that, a 6500 Cycle Top target by October 2025 is very much realistic.
Follow us, like the idea and leave a comment below!!
We have seen this kind of behavior in the last 9-12 months before a Bull Cycle tops.
In fact with the 1week RSI trending downwards on a bearish divergence, today's price action looks more similar to the October 13 2014 1week MA50 fakeout, which was breached marginally but rebounded immediately.
Based on that, a 6500 Cycle Top target by October 2025 is very much realistic.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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TELEGRAM: t.me/thecryptagon
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.