The FED and the moment of truth!

-The SPX index has valiantly withstood the test in the 3700 region theorized in previous analyses.
https://www.tradingview.com/chart/SPX/0Ke2m2jj-It-s-strange-But-those-are-the-prospects/

-Many of the assets that make up the index are already priced, with only a few companies missing that still need to be priced by large investors (after interest rate hikes by the FED), in order to finally go through their due corrections.

-If there are corrections, we can see the index making a beautiful sell trap when touching the 3631 region, because, as stated in previous analyses, I do not believe that the index will lose the 3700 region at the current moment, unless we have a recession like the one experienced in 2008.

-The monthly chart bias is still bullish, however, it is losing its strength day after day, where the loss of the 50% FIBO region could put this bullish pivot out of the game.
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-The bias of the weekly chart is bearish, and the SETUP used indicates the strength of the bears to push prices up to the 3631 region, where it could form a trap for unsuspecting bears, since, just below, we will have the long average arriving to help prices as support.
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-Going down a little further, on the daily chart, we have a timid high pivot formed (repeat), where, according to the SETUP used, its likely destination is the 4008 region, and prices will find resistance from the long average and the trend line of short-term low (yellow line) in this same price range.
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-If prices fail to break this region, we can expect the worst, which is prices testing the 3700 region.

-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
Beyond Technical AnalysisHarmonic PatternsimagraphistTrend Analysis

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