SP500 Short Term Forecast
Updated
H4 - Triple cycle to the downside completed, price is holding above a strong support zone, false breaks with bullish divergence.
Downtrend line breakout, we may now expect possible short term retraces to happen.
H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here.
Invalidation - If the price breaks and holds below the 61.8% fibonacci retracement level then this short term bullish view will be invalidated.
Downtrend line breakout, we may now expect possible short term retraces to happen.
H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here.
Invalidation - If the price breaks and holds below the 61.8% fibonacci retracement level then this short term bullish view will be invalidated.
Note
This buy setup moved higher exactly as per the plan and provided us wonderful returns!
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