Hello Traders!
Today I am focusing on the S&P500's next move and considering that we are approaching the Christmas period and that I am expecting a year-end bullrun towards 4700 I believe that at the moment the index could retrace towards 4525 with a maximum extension towards 4485 to load some long positions at better prices and then restart towards the highs.
Targets are determined by fibonacci's retracement, let us consider the period of the extension of the last restart until exhaustion.
Targets are the levels between 4525-4485.
Thanks.
Today I am focusing on the S&P500's next move and considering that we are approaching the Christmas period and that I am expecting a year-end bullrun towards 4700 I believe that at the moment the index could retrace towards 4525 with a maximum extension towards 4485 to load some long positions at better prices and then restart towards the highs.
Targets are determined by fibonacci's retracement, let us consider the period of the extension of the last restart until exhaustion.
Targets are the levels between 4525-4485.
Thanks.