SPX500 Short to Support Area
Greetings there traders here is my idea on SPX 500
I believe that the downward movement will continue within the correction (1 2 3). I expect wave “3” to start moving very soon.
I think that the nearest target is the area of 5716 level, because there is a strong support area.
We can see that the price is managing itself for a future Downtrend Movement.
Traders make your own analysis before trading.
I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for SPX500
I still did my best and this is the most likely count for me at the moment.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
I believe that the downward movement will continue within the correction (1 2 3). I expect wave “3” to start moving very soon.
I think that the nearest target is the area of 5716 level, because there is a strong support area.
We can see that the price is managing itself for a future Downtrend Movement.
Traders make your own analysis before trading.
I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for SPX500
I still did my best and this is the most likely count for me at the moment.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
Trade active
Dear colleagues, the price has reached the area of wave “2” and now I count only on short positions in the direction of the target 5718.
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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.