Indice S&P 500Short
Nice Bear Flag on S&P500!!!
Bearish Flag on S&P (340 Points possible!)
Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib level (Nov. - April movement) at 4830 or the strong Support level right bellow at 4795/4800 (Jan 2024 and Jan 2022 highs).
Watch for the news and the Earnings in the next few weeks.
Good Trades!
Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib level (Nov. - April movement) at 4830 or the strong Support level right bellow at 4795/4800 (Jan 2024 and Jan 2022 highs).
Watch for the news and the Earnings in the next few weeks.
Good Trades!
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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.