Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓
Updated
📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.
🏃♂️The S&P500 Index has already managed to break the 🔴Resistance zone($4,640-$4,540)🔴 and is moving near the 🟡Price Reversal Zone(PRZ)🟡 and Resistance lines.
🔔I expect two scenarios for the S&P500 Index:
🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡Price Reversal Zone(PRZ)🟡and will decrease by at least ➖3% in the coming weeks.
S&P500 Index (SPXUSD),4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🏃♂️The S&P500 Index has already managed to break the 🔴Resistance zone($4,640-$4,540)🔴 and is moving near the 🟡Price Reversal Zone(PRZ)🟡 and Resistance lines.
🔔I expect two scenarios for the S&P500 Index:
- The scenario of S&P500 Index falling to the broken 🔴Resistance zone($4,640-$4,540)🔴 (as a pullback) and rising again.
- In the second scenario, the S&P500 Index falls to the 🔴Resistance zone($4,640-$4,540)🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario.
🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡Price Reversal Zone(PRZ)🟡and will decrease by at least ➖3% in the coming weeks.
S&P500 Index (SPXUSD),4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Note
You can put SL on top of 🟡Price Reversal Zone(PRZ)🟡.
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