Indice S&P 500Short
Nice Bear Flag on S&P500!!!
Bearish Flag on S&P (340 Points possible!)
Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib level (Nov. - April movement) at 4830 or the strong Support level right bellow at 4795/4800 (Jan 2024 and Jan 2022 highs).
Watch for the news and the Earnings in the next few weeks.
Good Trades!
Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib level (Nov. - April movement) at 4830 or the strong Support level right bellow at 4795/4800 (Jan 2024 and Jan 2022 highs).
Watch for the news and the Earnings in the next few weeks.
Good Trades!
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.
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.