S&P500 - Preparing For The Final Bullrun!
S&P500 (
SPX) is still heading higher:
Click chart above to see the detailed analysis👆🏻
Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
SPX) is still heading higher:Click chart above to see the detailed analysis👆🏻
Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on S&P500 (SPX):
Click chart above to see the detailed analysis👆🏻
There is just nothing to worry about regarding all the major U.S. indices. Technicals are clearly favouring the continuation of the overall very strong bullish rally during the entire year of 2025 but even if we actually witness a market correction, this will offer a good temporary buying opportunity.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on S&P500 (SPX):
Click chart above to see the detailed analysis👆🏻
Finally we are seeing new all time highs again after the S&P500 has been showing some weakness lately. However the governing rising channel formation is still totally valid and since there is no new structure resistance above the current price, the S&P500 is heading for the trendline retest.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision.
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Trading newsletter👇🏻
basictrading.net
Keep your long term vision.
Trading newsletter👇🏻
basictrading.net
Trading newsletter👇🏻
basictrading.net
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