SPX First Bearish Target Mapped, -10% Potential
I started sharing these analyses for the SPX a month ago, sharing what I see on the chart.
Many times we have signals pointing to a crash but the market usually turns.
This is not happening this time around, notice the dual rejection at EMA50...
Now the MA200 black line isn't holding; a close below it today and the "deal is sealed" for the next drop.
I extracted this target based on EMAs, we are looking at a 10% drop... After this move, we can start to map the next...
Now, we have to wait and see if it does PLAY!
Jan. 19: S&P 500 Index Bearish Potential
Thank you for reading.
Namaste.
Many times we have signals pointing to a crash but the market usually turns.
This is not happening this time around, notice the dual rejection at EMA50...
Now the MA200 black line isn't holding; a close below it today and the "deal is sealed" for the next drop.
I extracted this target based on EMAs, we are looking at a 10% drop... After this move, we can start to map the next...
Now, we have to wait and see if it does PLAY!
Jan. 19: S&P 500 Index Bearish Potential
Thank you for reading.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.