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S&P 500: Bull Trap to further Market Correction for 2023
SPX
, 1M
Short
SPX: S&P 500: Bull Trap to further Market Correction for 2023

Monthly Chart 1. Touched Top of Major Trend Line December 2021 2. Resistence at Kijun Sen (Green Line) 3. Lower High/Lower Low Bear Channel 3. Ichimoku Death Cross 4. Kumo Cloud Flat 5. Target 3,198 Weekly Chart 1. Two Inside bars 2. Resistance at Kumo Cloud

S&P 500: Bull Trap to further Market Correction
SPX
, 1M
SPX: S&P 500: Bull Trap to further Market Correction

S&P 500: Bull Trap to further 23% Correction to bottoming area around November 2023. Confluence of fibonacci time cycles and retracement levels were used to predict the correction zones. Ichimoku Kinko Hyo and Trendlines also used to assist the analysis.

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