Here are the levels for bull or bear on the SPX based off a fib extension from the macro lows.
What is interesting is how the price has reacted off the 0.618 and 0.5 levels suggesting that it has further to go because we have broken out
However if you draw another fib extension from the lows it shows a top around 6100-6150 range where we are now.
Good luck - lets hope the bulls win out and crypto takes off too. If you do the same analysis on the Nasdaq fib tops out at 26,400 where fib is equal to 1. that implies Nas to over perform to 20-25% from todays levels hence supports the argument here for higher prices on the SPX
What is interesting is how the price has reacted off the 0.618 and 0.5 levels suggesting that it has further to go because we have broken out
However if you draw another fib extension from the lows it shows a top around 6100-6150 range where we are now.
Good luck - lets hope the bulls win out and crypto takes off too. If you do the same analysis on the Nasdaq fib tops out at 26,400 where fib is equal to 1. that implies Nas to over perform to 20-25% from todays levels hence supports the argument here for higher prices on the SPX
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。