Low RSI
S&P 500 almost done with wave b (downward)
Basing on Fib Retr - we finally hit the 0.68% - most LIKELY the bottom of the wave...
2hr and 4hr Bullish
1hr: still under 200MA - will correct for a bit
$$$ this week is moved to a different sector. Once its back to Tech in a week or two. Bullish
Wave 1: impulse
Wave 2: sharp correction - not sure how long we will stay here.. probably only for few more days.
Wave 3: I would personally wait for a bullish engulfing candle for wave 3, then Ride it baby.
**** New to TA.
S&P 500 almost done with wave b (downward)
Basing on Fib Retr - we finally hit the 0.68% - most LIKELY the bottom of the wave...
2hr and 4hr Bullish
1hr: still under 200MA - will correct for a bit
$$$ this week is moved to a different sector. Once its back to Tech in a week or two. Bullish
Wave 1: impulse
Wave 2: sharp correction - not sure how long we will stay here.. probably only for few more days.
Wave 3: I would personally wait for a bullish engulfing candle for wave 3, then Ride it baby.
**** New to TA.
Note
Daily starting to look bullish as hell.4hour EMA about to cross.
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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.