Low RSI
S&P 500 almost done with wave b (downward)
Basing on Fib Retr - we finally hit the 0.68% - most LIKELY the bottom of the wave...
2hr and 4hr Bullish
1hr: still under 200MA - will correct for a bit
$$$ this week is moved to a different sector. Once its back to Tech in a week or two. Bullish
Wave 1: impulse
Wave 2: sharp correction - not sure how long we will stay here.. probably only for few more days.
Wave 3: I would personally wait for a bullish engulfing candle for wave 3, then Ride it baby.
**** New to TA.
S&P 500 almost done with wave b (downward)
Basing on Fib Retr - we finally hit the 0.68% - most LIKELY the bottom of the wave...
2hr and 4hr Bullish
1hr: still under 200MA - will correct for a bit
$$$ this week is moved to a different sector. Once its back to Tech in a week or two. Bullish
Wave 1: impulse
Wave 2: sharp correction - not sure how long we will stay here.. probably only for few more days.
Wave 3: I would personally wait for a bullish engulfing candle for wave 3, then Ride it baby.
**** New to TA.
4hour EMA about to cross.