S&P 500 EndeksiGüncellendi S&P 500 - Did the bulls win???
The market closed at an ATH and above every resistance line that I had.
- 1.236 fib from Sept top - Check!
- 1.236 fib from Feb top - Check!
- Above rising wedge - Check!
- Outside the down channel off the Sept top - Check!
- Above the major resistance line from the Feb top and the Sept top - Check!
As a bear, I am not 100% ready to through in the towl, but it looks like the S&P is ready to go full bubble. Especially if you combine this with my recent wave analysis of the NASDAQ with a target of 14,000. We still need the S&P to follow through next week with a retest of the down channel as support, so there is still hope for the bears.
Have a good weekend. See you Monday morning for another round. Da bears!
Close up
At this scale it does not look too bad for the bears.
A little cleaner version
- 1.236 fib from Sept top - Check!
- 1.236 fib from Feb top - Check!
- Above rising wedge - Check!
- Outside the down channel off the Sept top - Check!
- Above the major resistance line from the Feb top and the Sept top - Check!
As a bear, I am not 100% ready to through in the towl, but it looks like the S&P is ready to go full bubble. Especially if you combine this with my recent wave analysis of the NASDAQ with a target of 14,000. We still need the S&P to follow through next week with a retest of the down channel as support, so there is still hope for the bears.
Have a good weekend. See you Monday morning for another round. Da bears!
Close up
At this scale it does not look too bad for the bears.
A little cleaner version
Not
Look at this channel I found. Is there still hope for us bears?
İlgili yayınlar
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.
İlgili yayınlar
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.