Can SPX reach 3000?
Last week, following NFP, the Index generated a bullish signal when it climbed back up above all MA lines and above the 2730-2750 resistance zone.
Now SPX is facing 2800 - A structure zone that will try to prevent the Index from climbing north.
Based on harmonic pattern we see that there's a potential Butterfly pattern with completion just below 3000
If SPX will continue its bullish momentum and climb above the 2 resistance zones that stand in its way (2800 and 2850-2880) the next stop will be 3000 and the PRZ of the Butterfly pattern
You can read more about this analysis and others in this weeks newsletter #WeeklyMarketsAnalysis
Have a great trading week
Last week, following NFP, the Index generated a bullish signal when it climbed back up above all MA lines and above the 2730-2750 resistance zone.
Now SPX is facing 2800 - A structure zone that will try to prevent the Index from climbing north.
Based on harmonic pattern we see that there's a potential Butterfly pattern with completion just below 3000
If SPX will continue its bullish momentum and climb above the 2 resistance zones that stand in its way (2800 and 2850-2880) the next stop will be 3000 and the PRZ of the Butterfly pattern
You can read more about this analysis and others in this weeks newsletter #WeeklyMarketsAnalysis
Have a great trading week
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.
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.