S&P 500- New Dip Inbound?
Hi everyone,
market is attempting a rebound after the massive dip last Friday (Powell's hawkish and gloomy comments).
SP500 is in an ascending channel and found support on the middle but will it last? probably not i would say.
Either now at 4073 resistance or higher at the end of the channel (4170) I expect a new dip to follow.
Things ae not going well with inflation being a huge issue especially in Europe with winter coming next and energy being a difficult to solve issue. Some areas could start entering recession mode next and i would rather be prepared to short rather than Buy in the next coming days again.
Hope I am wrong!
One Love,
The FXPROFESSOR
ps. Friday is NFP, employment in the US is a key factor and Powell did mention 'losing jobs' on Friday.. kinda scary but we will find out on friday. Stick around
market is attempting a rebound after the massive dip last Friday (Powell's hawkish and gloomy comments).
SP500 is in an ascending channel and found support on the middle but will it last? probably not i would say.
Either now at 4073 resistance or higher at the end of the channel (4170) I expect a new dip to follow.
Things ae not going well with inflation being a huge issue especially in Europe with winter coming next and energy being a difficult to solve issue. Some areas could start entering recession mode next and i would rather be prepared to short rather than Buy in the next coming days again.
Hope I am wrong!
One Love,
The FXPROFESSOR
ps. Friday is NFP, employment in the US is a key factor and Powell did mention 'losing jobs' on Friday.. kinda scary but we will find out on friday. Stick around
💎 BitMart VIP: bitmart.com/invite/FxProfessor/en-US – Find details on fxprofessor.com
🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.