themarketzone

Testing lows again - Two buy zones

Long
FX:SPX500   Indice S&P 500
$SPX just reached 1900 again and completed a 61.8 Fib retracement when it touched 1890.
This minor support zone could be enough to push $SPX back up towards 1920 to test the top of the resistance zone.

Just in case that $SPX will decline lower to re-test 1870-1880 support zone, it will provide an even better reason to try and speculate on a bullish move as it will complete a bullish Bat pattern.

2 buy zones - 1890-1900 and 1870-1880.
Short term targets - 1910, 1920
Longer term targets (only if the price will close above confirmation level - 1920) - 1950, 1980, 2000


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.