SPX 500 - simple trade idea

3 Mar

- daily 200 MA
- lower trendline of the broadening wedge
- 5750 is 0.382 fib from 5 aug 2024 to 19 feb 2025

you can expect a bounce around 5750 that could lead to new ATH around mid april/may

if close daily below the trendline maybe hard times ?

lets follow the arrows



Confidence 5/10 as i'm not trading stocks

7 gün önce

Not

around support now lets see what happens

7 gün önce

Not

well 200 ma is at 5725

7 gün önce

Not

it bounced at 5729,
what now ?
I don't really now but you can maybe expect a test of the upper line of this broadening wedge
as long as those supports hold we are safe

4 gün önce

Not

if confirmation of the break out, expect 5630 and maybe then 5520

evvelsi gün

Not

second try here, the bar pattern is a copy from jan 2022 to oct 2022 correction