Weakness in the SP500
Updated
Weakness in the SP500
The SP500 shows a technical weakness, plotting the actual guideline using the largest minimum with the last validated minimum. Followed by validated black guideline allowing false leaks. The price right now as of 09/17/2021 shows a notorious weakness since the previous times it bounced without preambles until today. We our one weakness in the price. We must wait for a break of the last support to be able to contemplate a change in trend.
Due to fundamental circumstances and the interest rate minutes that will be published on September 22, we can act on a previous short.
The projection of the minimum operation would be 23% of the fibo marked in the graph or 38% as the optimal projection.
It should be noted that this analysis would only be canceled if it exceeded the last maximum. If this happens we must be patient and check if a false leak or if the price really wants to visit higher areas.
The SP500 shows a technical weakness, plotting the actual guideline using the largest minimum with the last validated minimum. Followed by validated black guideline allowing false leaks. The price right now as of 09/17/2021 shows a notorious weakness since the previous times it bounced without preambles until today. We our one weakness in the price. We must wait for a break of the last support to be able to contemplate a change in trend.
Due to fundamental circumstances and the interest rate minutes that will be published on September 22, we can act on a previous short.
The projection of the minimum operation would be 23% of the fibo marked in the graph or 38% as the optimal projection.
It should be noted that this analysis would only be canceled if it exceeded the last maximum. If this happens we must be patient and check if a false leak or if the price really wants to visit higher areas.
Note
We continue to think about shorts by adding positions in the most relevant resistances by reading candles, trend reversal pattern, exhaustion ...
Due to volatility, you can also buy in key areas, always keeping in mind that our main movement is short.
Note
We are in a very important area since taking into account the breakdown of the guidelines and the last valid support, the price does not seem "to the moon" but it costs it, not as in previous times. We are still thinking about selling in the resistance zones and taking a candlestick reading.
Note
Note
The last zone for sell!!!
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