Indice S&P 500Long
S&P Bullish expectation
Based on EW count, support lines on the graph and on RSI the expectation is that the index will bottom out within the next weeks and move towards a new ATH this summer.
After that a decline of 20% is expected.
Recommendation is to scale into the index during the next weeks and exit this summer
Nasdaq and S&P is expected to follow so an option is to enter either TQQQ or SPXL/UPRO
Other counts are possible and we are at the end of the bull run, so take care.
Divergence on RSI has been seen for a while, indicating a correction on the way
After that a decline of 20% is expected.
Recommendation is to scale into the index during the next weeks and exit this summer
Nasdaq and S&P is expected to follow so an option is to enter either TQQQ or SPXL/UPRO
Other counts are possible and we are at the end of the bull run, so take care.
Divergence on RSI has been seen for a while, indicating a correction on the way
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.