- Maturing downside pressure
divergence in RSI indicator
Support zone
Five wave fall structure
Possible of a FLAT B wave
Record-breaking jobless claims with a quick new law.
This is the reason to forecast a trend change to the upside. This is the V-shaped recovery hope correction, I suppose.
What would I like to see now? A failure swing low after to break the level of 2520 then the (v) of B wave will have found it's place at 2433. Maybe I will open a long. It depends on RR ratio. We will see. The Potential target is 2650, a triple top or more to the zone of 2800.
There is a considerable view which is represented by the purple ((c)) of B. So there will be a failure swing high then the S&P500 will be an early stage of a huge falling.
I hope I can help you with this analysis
Trade chiuso: obiettivo raggiunto:
I closed partly as this was my target.
My managed stop 2725 at the moment
My managed stop 2725 at the moment