S&P 500 INDEX

25 Jun 2022

S&P, After impulse move in 1-2-3-4-5 waves on weekly chart, now we have witnessed entire fall as a leading diagonal as a wave A, and now we are in wave B, possibly it can retrace up to 38.2% of wave A entire fall, or maximum up to high of wave 4 in wave A, these levels are pegged near 4050 and 4177, all other parameters are supporting same bias to go long, which are shared below as a snap shots.
Here is a trigger point to go long. RK's mass psychological cloud buy activated, along with support of RK's stop line, and also RK's momentum Buy activated.


Overall wave structure on Weekly chart


Current fall was in leading diagonal


may be retrace upto 38.2% or wave 4 high of recent fall


reversal chart pattern head and shoulder on hourly chart


Breakout with good intensity of Volume in hourly chart


macd positive in hourly above zero line


macd uptick and ready to cross positive in daily chart


Bullish Divergence


rsi uptick in daily chart


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I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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