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Sometimes you don't need fancy indicators. Normally trending lines are traced under the curve when the market is up trending but here there is clearly a super strong support illustrated by the red line. There is a possible opportunity to enter heavily short if the volume validate a parabolic up trend above this line. The bottom line in blue is the potential price that can be reached in the worse case scenario at the moment. The S&P500 have been growing constantly. Study why you lost so much at any moment in this curve throughout this 2021 year and understand the bigger picture. You probably would have earned more by entering long in 2021. This a quick retrospective about the S&P500 for 2021. For the moment it is clearly going in the LONG direction no matter what happen in the world. We will see what is 2022 is gonna be made of ...
this is not a financial advice, just ideas, please do your own search.
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