Hi traders,
i think we have here a great buying opportunity for the SPX in the next trading days.
Inside the blue box we have between 3980 and 3929 two relevant Fib levels (0.5 and 0.382) which should act as support here.
In addition, we also see the most relevant MAs in the Daily, where the 200MA is around 3940 and the 50MA which lies currently at 3978.
I will take a long trade as soon as we see the 3980ish levels and buy more if we head lower towards the .382 fib level & 1D 200MA.
This is no investment advice.
i think we have here a great buying opportunity for the SPX in the next trading days.
Inside the blue box we have between 3980 and 3929 two relevant Fib levels (0.5 and 0.382) which should act as support here.
In addition, we also see the most relevant MAs in the Daily, where the 200MA is around 3940 and the 50MA which lies currently at 3978.
I will take a long trade as soon as we see the 3980ish levels and buy more if we head lower towards the .382 fib level & 1D 200MA.
This is no investment advice.