SPX Aiming Lower Lows

12 Mar

Hi there,

The S&P 500 has pushed below the significant resistance level of 5821.54, with an immediate target at 5370.17 before reaching major support around the 5218 region. We could potentially see a further drop to 4500, with 4719.87 on the way.

It will require monitoring, and the bias is at 4026.79.

Happy Trading,
K.

Not trading advice

7 Nis

İşlem aktif

That is fine; I am expecting an even push lower. Profit-taking may be ideal and assess.

10 Nis

İşlem kapandı: hedefe ulaştı

We are not out of the bearish trend yet. The price has risen to 5456.89, generating excitement in the market; however, we remain under a significant resistance zone. This could also indicate an extended ABC pattern for wave four before the final drop of wave five. 🦉

Khiwe.