S&P 500Penjualan
S&P500 and NASDAQ will follow Dow Jones..!
I think it is highly likely that S&P500 and NASDAQ are going to follow DOW and experience further declines!
When looking at the bigger pictures you see the selling pressure increase every day and prices crossing below major supports easily..!
I remember when I was reading Japanese Candlestick Charting Techniques(Steve Nison) 13 years ago, one of the signs that a bullish rally is at its end was:
Prices open with gap up and fail to advance and close at lower levels!
This phenomenon has repeated this week almost every day!
Conclusion:
I think this correction will be the biggest correction in the past 22 months!
waiting for better entries is highly recommended!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
When looking at the bigger pictures you see the selling pressure increase every day and prices crossing below major supports easily..!
I remember when I was reading Japanese Candlestick Charting Techniques(Steve Nison) 13 years ago, one of the signs that a bullish rally is at its end was:
Prices open with gap up and fail to advance and close at lower levels!
This phenomenon has repeated this week almost every day!
Conclusion:
I think this correction will be the biggest correction in the past 22 months!
waiting for better entries is highly recommended!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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