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VladimirRibakov

SP500 Short Term Forecast

Short
VladimirRibakov Updated   
CURRENCYCOM:US500   None
Trend Analysis Trend Lines Multiple Time Frame Analysis S&P 500 (SPX500) forecast triplecycle Bullish Divergence falsebreak buy Trend Line Break
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trendanalysis trendline mtfa spx500 forecast triplecycle bullishdivergence falsebreak buy trendlinebreak
H4 - Triple cycle to the downside completed, price is holding above a strong support zone, false breaks with bullish divergence.

Downtrend line breakout, we may now expect possible short term retraces to happen.

H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here.

Invalidation - If the price breaks and holds below the 61.8% fibonacci retracement level then this short term bullish view will be invalidated.
Comment:
This buy setup moved higher exactly as per the plan and provided us wonderful returns!
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