S&P500... !!!
This is my view on the SPX500
I believe there will be a last effort to drive prices higher; one to two more extensions which target the 127% Fib extension and the 168% Fib extension of the last bullish range.
I also see the start of a strong divergence in the RSI(14) and there could be a third maximum peek to complete the Fib extensions mentioned before.
Trying not to get too much into fundamentals, technically this is an interesting buying opportunity for there is still a strong support area being respected.
Illustrated are the 3 options/outcomes I think are likely to occur.
Don't sell your beds... yet...
Best of luck!
I believe there will be a last effort to drive prices higher; one to two more extensions which target the 127% Fib extension and the 168% Fib extension of the last bullish range.
I also see the start of a strong divergence in the RSI(14) and there could be a third maximum peek to complete the Fib extensions mentioned before.
Trying not to get too much into fundamentals, technically this is an interesting buying opportunity for there is still a strong support area being respected.
Illustrated are the 3 options/outcomes I think are likely to occur.
Don't sell your beds... yet...
Best of luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.