S&P 500 IndexShort
S&P with dotcom overlay - is the S&P heading for a 50% fall??
The chart shows the current S&P price action with an analog overlay of the dotcom bear market.
Scenarios;
1/ Near term support at 3900
2/ Mid term support at 3600
3/ Longer term support at 3200
A break of all 3 of these support areas could possibly see a fall to 2345 or even covid19 lows.
Scenarios;
1/ Near term support at 3900
2/ Mid term support at 3600
3/ Longer term support at 3200
A break of all 3 of these support areas could possibly see a fall to 2345 or even covid19 lows.
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.