S&P 500 IndexShort
SPX500USD 1M Bearish scenario
At some point the correction had to begin, despite the global scenarios, the bearish black swan pattern finally seems to be complete. Looking better at the fibonacci levels to understand how it can evolve we can expect a first more than plausible retracement at the 0.382 level, and secondly at the 0.236 level, except unlikely bullish surprises, off course, to extend the pattern to 7k.
The correction could last up to the next two years.
This is not a financial advice. Do Your Own Research. Thanks for watching.
The correction could last up to the next two years.
This is not a financial advice. Do Your Own Research. Thanks for watching.
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.