💲 S&P500 Heading to support zone 💲

💲 S&P500 Heading to support zone

💲 Nearest strong support zone: around the fibo level of the 0.236 upward wave.

💲 Nearest strong resistance zone: around recent peaks.

💲 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Downtrend

📊 RSI: Downtrend

💲 Price action: the S&P500 failed to break through the area of the recent highs and started to head towards the nearest support zone. It looks like we will continue the declines in the coming days due to the unsuccessful attempt to rise this week.

📉 The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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