SPX500USD Analyses:
1H and 4H CHART:
As you can see, the price just found a previous resistance that has already been tested 3 times, showing that definitely it´s a major resistance.
For now, my analyses is quite simple: price will definitely go down because the RSI shows that the brice is overbought and it found a major resistance. How far will the price fall?? Possibly until the 50/20EMA levels and then breaks the resistance, OR, crossing the EMA's and going bearish until 2925 level!
You can use harmonics to help you predict where the price will find the next support ONLY if crosses the EMA's!
Trade What you see! Be cautious and good luck y'all
1H and 4H CHART:
As you can see, the price just found a previous resistance that has already been tested 3 times, showing that definitely it´s a major resistance.
For now, my analyses is quite simple: price will definitely go down because the RSI shows that the brice is overbought and it found a major resistance. How far will the price fall?? Possibly until the 50/20EMA levels and then breaks the resistance, OR, crossing the EMA's and going bearish until 2925 level!
You can use harmonics to help you predict where the price will find the next support ONLY if crosses the EMA's!
Trade What you see! Be cautious and good luck y'all
As said before, the price could possibly fall using the 50/20EMA's as support, that what happened!.
Now price is raging and testing the resistance...Waiting for a impulsive move.