SPX Reached the major Resistance Area ( the one that start the last bear market )
4600 IS A VERY CRITICAL area because all the target for the current movement has been reached.
the Market start the trend at 44° then become overheated and reached almost 72°
from my point of View the market need to cooldown in order to extend a healthy movement
the best option is to reaccumulate 4080 Area
the good news is every ware at he moment so be carful and activate your stop lose Level to protect your gain from any shakeout movement.
4600 IS A VERY CRITICAL area because all the target for the current movement has been reached.
the Market start the trend at 44° then become overheated and reached almost 72°
from my point of View the market need to cooldown in order to extend a healthy movement
the best option is to reaccumulate 4080 Area
the good news is every ware at he moment so be carful and activate your stop lose Level to protect your gain from any shakeout movement.
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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.