Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓

📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.

🏃‍♂️The S&P500 Index has already managed to break the 🔴Resistance zone($4,640-$4,540)🔴 and is moving near the 🟡Price Reversal Zone(PRZ)🟡 and Resistance lines.

🔔I expect two scenarios for the S&P500 Index:

• The scenario of S&P500 Index falling to the broken 🔴Resistance zone($4,640-$4,540)🔴 (as a pullback) and rising again.
  

• In the second scenario, the S&P500 Index falls to the 🔴Resistance zone($4,640-$4,540)🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario.
  

🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡Price Reversal Zone(PRZ)🟡and will decrease by at least ➖3% in the coming weeks.

S&P500 Index (SPXUSD),4-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

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Transaction en cours

Commentaire:

You can put SL on top of 🟡Price Reversal Zone(PRZ)🟡.