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S&P 500 Index

SP500 Market Structure Is Bearish But Price Aggressively PulBack

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The market structure for SPX500 index is a textbook bearish on weekly having formed Head-Shoulders, however price declined creating a bullish wedge and with an aggressive pullback in the last few weeks. The index needs to face bears at 4205 and if successful, bears at the shoulder level 4544 will challenge the bulls for a possible reversal. Possible outcome? Time will tell...

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Will SPX500 Decline @61.8% OR 78.6% Fib Level From Its PullBack?
BullBearMkt
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
Also on:
Economic CyclesFractalS&P 500 (SPX500)Support and Resistance

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.
Economic CyclesFractalS&P 500 (SPX500)Support and Resistance
BullBearMkt
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
Also on:

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.