SPX500 a short update
Updated
It is easy to guess the top but the noise are hard.
All I can update is maybe we have a short term bounce to 3.9k these few days to close a gap.
If we manage to break below 3.7-3.8k , then the market will have higher chance to go down further as mentioned in my idea.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months for accumulation if it were to reverse the trend.
Just trade accordingly and be cautious!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
All I can update is maybe we have a short term bounce to 3.9k these few days to close a gap.
If we manage to break below 3.7-3.8k , then the market will have higher chance to go down further as mentioned in my idea.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months for accumulation if it were to reverse the trend.
Just trade accordingly and be cautious!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
Comment
Gap at 3.9kComment
Invalidated.Comment
Market still haven't crash, seems like still valid. HODL.Comment
It will go to 3.9k now, what a shakeout!Comment
Moved as per prediction.
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