Weekly chart, the Cup Handle chart pattern was formed, after having crossed the resistance line in Nov. 2023. Technical indicator MACD is positive; confirming this view. The target is 5833, extending to 5905
Next week we will see a break in resistance to continue to Supply Zone or a rejection of the price for a reversal to demand zone
Pair : US500 Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement Divergence Break of Structure Bullish Channel in Short Time Frame as an Corrective Pattern Completed " 12345 " Impulsive and " ABC " Corrective Wave
In tandem with what we predicted last week, the market experiences wild swings up and down. By yesterday's close, the SPX was up approximately 5.3% from its 2022 low. Then today, even prior to the U.S. market open, ES1! continuous futures are already pointing to another appreciation of at least 1%. With that being said, we expect the market to continue showing...