InvestMate|S&P500 don't miss this move
Updated
📈S&P500 don't miss this move.
📈After the end of Friday's session which turned out to be extremely optimistic.
📈The increase which amounted to 3.9% was truly impressive.
📈Looking at the fact that we have already bounced 12.08% from the bottom makes us think that the Christmas rally and the pulling out of results by financial institutions to boast about this year's results is going well.
📈 By hitting a new peak in an upward correction and yet in such a dynamic manner, the market has let us know that we probably won't see new lows again this year.
📈Looking for the next possible resistance zone, I made 2 measurements of the fibo grid. The first wave I measured is the wave from the ATH to the lows and the second is the biggest correction in the downtrend.
📈I concluded that we are currently at the levels of 50% of the largest uptrend correction.
📈But looking at the dynamics of the price rise, the fact that the correction has already been scored and the fact that we are ahead of the round level of 4,000 where the 0.618 level of the biggest correction is clustered with
0.382 level of the wave from the ATH, I allow myself to think that the current level of 0.5 on which we are located will not constitute any resistance for the price.
📈I encourage you to follow what will happen at the opening of the session on Monday and Tuesday. The 4000 level is well within reach.
📈We are only about 2.27% from current level.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
📈After the end of Friday's session which turned out to be extremely optimistic.
📈The increase which amounted to 3.9% was truly impressive.
📈Looking at the fact that we have already bounced 12.08% from the bottom makes us think that the Christmas rally and the pulling out of results by financial institutions to boast about this year's results is going well.
📈 By hitting a new peak in an upward correction and yet in such a dynamic manner, the market has let us know that we probably won't see new lows again this year.
📈Looking for the next possible resistance zone, I made 2 measurements of the fibo grid. The first wave I measured is the wave from the ATH to the lows and the second is the biggest correction in the downtrend.
📈I concluded that we are currently at the levels of 50% of the largest uptrend correction.
📈But looking at the dynamics of the price rise, the fact that the correction has already been scored and the fact that we are ahead of the round level of 4,000 where the 0.618 level of the biggest correction is clustered with
0.382 level of the wave from the ATH, I allow myself to think that the current level of 0.5 on which we are located will not constitute any resistance for the price.
📈I encourage you to follow what will happen at the opening of the session on Monday and Tuesday. The 4000 level is well within reach.
📈We are only about 2.27% from current level.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
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