S&P 500 may fall to 3720 - 3860
Our preference
Short positions below 4110.00 with targets at 3860.00 & 3720.00 in extension.
Alternative scenario
Above 4110.00 look for further upside with 4310.00 & 4390.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Weekly chart is also bearish.
Our preference
Short positions below 4110.00 with targets at 3860.00 & 3720.00 in extension.
Alternative scenario
Above 4110.00 look for further upside with 4310.00 & 4390.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Weekly chart is also bearish.
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.
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.