S&P 500 may be close to the turning point
Like the other indices, the S&P 500 also corrected sharply. This was an extremely impulsive wave that failed to produce any significant corrections.
Therefore, it can be assumed that it is a fake impulse, which will soon be bought. It is likely that prices will surpass their previous highs and the area around 4,685 will be targeted.
However, the S&P 500 should not run significantly below 4,325 points.
Please keep in mind that this is a setup for a position trade. In smaller time units, other setups with better RRR can arise.
Therefore, it can be assumed that it is a fake impulse, which will soon be bought. It is likely that prices will surpass their previous highs and the area around 4,685 will be targeted.
However, the S&P 500 should not run significantly below 4,325 points.
Please keep in mind that this is a setup for a position trade. In smaller time units, other setups with better RRR can arise.
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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.
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.