SP500 - 1D Who will buy the most EXPENSIVE TULIP?SP500 - 1D Who will buy THE most expensive TULIP?
The SP500 continues to rise unstoppably, reaching 5700.
It is possible that it will continue to rise, but the question is how far.
Technically, the rise is shaped like a megaphone and is currently touching the ceiling. In fact, it has broken the resistance and it is not clear how far it could continue to rise. On the other hand, looking at the chart, it is clear that sooner or later it has to correct. Pay attention to the US presidential elections. Maybe then it will turn around.
Intermediate support zone: 4800
Once our strategy is defined, it is a matter of waiting to enter at the right time.
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This tool is in the development process and the BETA will soon be ready for testing.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)