S&P 500 TECHNICALS ANALYSIS.
I am looking at a quick minor drop on spx to complete the wave of its current rising wedge.
though from the weekly timeframe it seems to want to complete a double top, judging from a broader view.
surely the spx will drop maybe to respect the short-term reversal pattern {rising wedge} on the 4hr chart. and to retest the 100-MA but only to gain strength to continue the breakout from the recent downtrend.
CONCLUSION; spx i think will drop very heavily. a heavy long term drop. but only after making a double top from the weekly chart. Goodluck!
though from the weekly timeframe it seems to want to complete a double top, judging from a broader view.
surely the spx will drop maybe to respect the short-term reversal pattern {rising wedge} on the 4hr chart. and to retest the 100-MA but only to gain strength to continue the breakout from the recent downtrend.
CONCLUSION; spx i think will drop very heavily. a heavy long term drop. but only after making a double top from the weekly chart. Goodluck!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.