SPX500USD Looking for a 38% retrace level before the S&P has a true probability of bouncing back up to a significant level. Expecting rate hikes to "break" something, causing the FED to pivot and revert back to QE again, keeping the ponzi scheme alive a while longer until CBDC's are introduced and deemed mandatory.
Note: Not trading or investment advice. Entertainment only.
Trade closed: target reached
.382% retrace complete. Target 1 acquired. Closing this trade for now, but will monitor the long - term trend to see how this plays out.
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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.