Indice S&P 500Long
.382 retrace points to 5580 rally...?
SP500 Short Term Bullish Update: Target 5550-5600
As of June 5th, 2024, I’m providing a short-term bullish update on the SP500 (ticker SPX). My expected rise is to the 5550-5600 range with a potential overshoot to 5400, which should be short-lived, assuming 5192 holds as support. Long-term, I remain bearish on the SP500, believing we are in a grand supercycle fifth of the highest degree.
Key Points:
Short-term bullish target: 5550-5600
Potential overshoot: 5400 (short-lived)
Critical support: 5192
Long-term outlook: Bearish due to grand supercycle
As of June 5th, 2024, I’m providing a short-term bullish update on the SP500 (ticker SPX). My expected rise is to the 5550-5600 range with a potential overshoot to 5400, which should be short-lived, assuming 5192 holds as support. Long-term, I remain bearish on the SP500, believing we are in a grand supercycle fifth of the highest degree.
Key Points:
Short-term bullish target: 5550-5600
Potential overshoot: 5400 (short-lived)
Critical support: 5192
Long-term outlook: Bearish due to grand supercycle
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.
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.