SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)
The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my experience of years of trading on how market moves work to build proper market structure. Yes, it is possible that we may even dump further than expected or pump tremendously due to some peculiar and consistent positive catalysts however this serves as a "guideline" on what to expect for the months to come.
The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines.
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The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines.
------------------
You like the chart? Its free!
Don't forget to like, share and comment! Bookmark it, save it so that you may add it as additional reference for your future trades. Thank you!
(If you got any spam notifications by me reposting this a lot, its because the image view or zoom is not available in tradingview upon application. You shouldn't have to adjust it yourself, just read for your convenience!)