We can see the S&P500 going into a downtrend.
Waiting to see what the price does when it reached the trendline and the marked support/resistance zone around the 5750.00 area.
Potential sells if we can get a good rejection off the area as well as the trendline. A good target would be the 5500.00 area.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Waiting to see what the price does when it reached the trendline and the marked support/resistance zone around the 5750.00 area.
Potential sells if we can get a good rejection off the area as well as the trendline. A good target would be the 5500.00 area.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
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.
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.