(Update) Potential top in SP500
The hypothesis of my previous chart on the SP500 (see below) seems to be confirmed. Now we can identify the following supports/resistances:
1) 1975-2000
2) 1800-1850
3) 1550-1600
SP500 reached a top in May-June and now it is starting the descent. My recommendation for mid and long term traders is to be short. The risk of being long is now very high; bull traps appear on the horizon.
1) 1975-2000
2) 1800-1850
3) 1550-1600
SP500 reached a top in May-June and now it is starting the descent. My recommendation for mid and long term traders is to be short. The risk of being long is now very high; bull traps appear on the horizon.
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.