As you can see, our forecast of April 10 was only partly realized. We have not yet seen the final chord and the removal of shorts on the index.
Therefore, we expect the final momentum to 4300p., at which point many investors will believe that the worst is over. And only after the majority jump into the market - then we will see the beginning of a new bear market, which was indicated in the previous forecast 📉
As you know, the crypto market has a close relationship with the stock market, so we expect that BTC will also go down for Sp500. On our channel we are ready for any outcome, in the profile header you can find many promising ideas on the market now.
📈The nearest strong resistance on Sp500 is at: 4300p. 📉 The closest support is at: 4160p. and 4050p.
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.