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Indeks S&P 500

SP500 Neutral situation

Oleh PreMarketsdicting
SP 500 is measured with Fibo of the last strong downtrend of 30%. We can see that thanks to a strong rebound we can observe that the price wanted to confirm reaching upper levels, after breaking MA 100 and MA 200. Although this, the price is climbing in a sort of uptrend channel and now is in the upper line of this. Is early to confirm a short trade cos we didn´t find strong bearish candles starting to engulf quite good, but keep monitoring it. IT COULD BE A WONDERFUL TRADE
Chart PatternsHarmonic PatternsWave Analysis
PreMarketsdicting

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