Indice S&P 500Long
SPX 500 - simple trade idea
- daily 200 MA
- lower trendline of the broadening wedge
- 5750 is 0.382 fib from 5 aug 2024 to 19 feb 2025
you can expect a bounce around 5750 that could lead to new ATH around mid april/may
if close daily below the trendline maybe hard times ?
lets follow the arrows
Confidence 5/10 as i'm not trading stocks
- lower trendline of the broadening wedge
- 5750 is 0.382 fib from 5 aug 2024 to 19 feb 2025
you can expect a bounce around 5750 that could lead to new ATH around mid april/may
if close daily below the trendline maybe hard times ?
lets follow the arrows
Confidence 5/10 as i'm not trading stocks
Note
around support now lets see what happensNote
well 200 ma is at 5725Note
it bounced at 5729,
what now ?
I don't really now but you can maybe expect a test of the upper line of this broadening wedge
as long as those supports hold we are safe
Note
if confirmation of the break out, expect 5630 and maybe then 5520Note
second try here, the bar pattern is a copy from jan 2022 to oct 2022 correction
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Publications connexes
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.