Was it the strength of the bears or the Fed?
Updated
-According to a previous analysis (see here), the SPX rate was unable to break through the blockade, mainly due to the increase in the basic interest rate.
-At the moment we have a bearish pivot formed with destination in the median of the "mega" bearish channel as the first stop.
-If the declines continue and we have prices working below 3794, we can have the following targets: 3742, 3605 and finally the FIBO gold region at 3521 as likely destinations!
-Do your analysis and good business.
-Be Aware, If You Buy Use Stop!
-At the moment we have a bearish pivot formed with destination in the median of the "mega" bearish channel as the first stop.
-If the declines continue and we have prices working below 3794, we can have the following targets: 3742, 3605 and finally the FIBO gold region at 3521 as likely destinations!
-Do your analysis and good business.
-Be Aware, If You Buy Use Stop!
Note
It could b a good sign as it still not lost the 3794 points, will be?
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