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S&P 500 Rocket flies $4,500 or will we catch a correction?llo trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
A few words about the US stock market
After exiting the descending channel , the price was able to rise by 11% ($4.310)
The Fund was able to break through the local resistance at $4,200 and is now trading around $4,300
With such successes, of course, it is not far to $4,500, there is a possibility that this will happen, or $4,300 will serve as a reversal point.
SXP - Pattern Changing Slightly... Watch Out!From our previous SXP analysis, we were anticipating a parallel channel but upon seeing price action, we find that it is more fitting that it's an expanding flat triangle. Price is moving correctively down and we have 2 major areas which we are keeping our eye on.