Bull Case - S&P500 to 4113
Bull case gives a target for longs of 4113 - at 1.618 fib extension of February 2021 correction and top of ascending broadening wedge. Could see this play out as quick as this week or next week.
Still not 100% convinced the bear case is over given US Dollar index (DXY) price action and Bond yield (US10Y / US30Y) price action of late - but if it is this is the logical next target on daily timeframe.
4hr is slightly extended and could see some pullback overnight / tomorrow - if 3950ish (purple dashed trendline) holds this is a good entry spot.
Still not 100% convinced the bear case is over given US Dollar index (DXY) price action and Bond yield (US10Y / US30Y) price action of late - but if it is this is the logical next target on daily timeframe.
4hr is slightly extended and could see some pullback overnight / tomorrow - if 3950ish (purple dashed trendline) holds this is a good entry spot.
Not
Purple TL touch İşlem kapandı: hedefe ulaştı
Not
may well continue higher (perhaps to top of ascending broadening wedge) but 4hr looks very toppy imo - would like to see a healthy pullback before continuation higher to new ATHs - whether looking to short or open more longs at support targets for pullback as follows:- TP1 - 4000 - retest of purple (2020 lows) trend line
- TP2 - 3964 - retest of previous ATH
Daily -
4hr -
Not
Not
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.