Great news my dear friends, reader and followers, truly great news.
The S&P 500 Index (SPX) is now reversing after challenging a strong support level. This level is the 0.618 Fib. retracement for the bullish wave that started after the October 2023 market low. A strong bounce is visible as soon as this level was hit.
The correction is a classic ABC and the C wave is very steep. When a move is really strong, great force, it can't last that long. So the drop happened all at once, fast, and this means a fast end as well as a strong reversal, but the reversal will not be the same.
We are more likely than not to experience a long drawn out recovery, higher highs and higher lows long-term. Higher prices next.
This is the main support level, 0.618 around 4885. If this level breaks, the next strong support sits at 4540. We are going up.
It is not only Bitcoin and the Altcoins, the stock market will also grow.
The correction is over.
Total drop amounts to a little more than 21%.
This is huge and more than enough.
The bears are satisfied. The bears are done. A bearish wave is followed by a bullish wave.
Short bearish action, long bullish action.
Thank you for reading.
Namaste.
The S&P 500 Index (SPX) is now reversing after challenging a strong support level. This level is the 0.618 Fib. retracement for the bullish wave that started after the October 2023 market low. A strong bounce is visible as soon as this level was hit.
The correction is a classic ABC and the C wave is very steep. When a move is really strong, great force, it can't last that long. So the drop happened all at once, fast, and this means a fast end as well as a strong reversal, but the reversal will not be the same.
We are more likely than not to experience a long drawn out recovery, higher highs and higher lows long-term. Higher prices next.
This is the main support level, 0.618 around 4885. If this level breaks, the next strong support sits at 4540. We are going up.
It is not only Bitcoin and the Altcoins, the stock market will also grow.
The correction is over.
Total drop amounts to a little more than 21%.
This is huge and more than enough.
The bears are satisfied. The bears are done. A bearish wave is followed by a bullish wave.
Short bearish action, long bullish action.
Thank you for reading.
Namaste.
Trade active
It is confirmed. The bottom is in. The S&P 500 index will now start rising. Enjoy!
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🚨 Long-term Financial Success Available Now! (Avoid Mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.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.