SPX - two possible scenarios

30 Jan 2023

Hi guys, hope you are doing fine. This chart is neutral because I really dont know what will happen. I do not have crystal ball, but I assume that 3980$ is the critical support level right now. Can we go above 4140$ ? Not really in my opinion because global conditions didnt changed at all. Can we go straight forward to last big support? Its way much more possible in my opinion. I was checking other indicies and what I see is that everything topped. If some of you holded long for greater period of time, now its a good time to cash out and close the position. I would do that because its getting very risky. Regards! Jarek.