This chart looks very bad.
We are looking at the monthly timeframe and the SPX is signaling strong downwards momentum.
We can see the current candle trading near its low and a strong bearish candle that closed below EMA10 last month.
We did some calculations based on several tools and our experience and reached the conclusion that the SPX can easily hit the 2700-2900 price range on the next drop.
This is based on the chart technicals and past history.
Going a bit deeper and trusting our intuition, we can say it can go as low as 2190 or even 1955 but we will have to wait and see for that one.
The recovery can take longer than usual.
The landscape can drastically change...
But we will recover... That's for sure.
Namaste.
We are looking at the monthly timeframe and the SPX is signaling strong downwards momentum.
We can see the current candle trading near its low and a strong bearish candle that closed below EMA10 last month.
We did some calculations based on several tools and our experience and reached the conclusion that the SPX can easily hit the 2700-2900 price range on the next drop.
This is based on the chart technicals and past history.
Going a bit deeper and trusting our intuition, we can say it can go as low as 2190 or even 1955 but we will have to wait and see for that one.
The recovery can take longer than usual.
The landscape can drastically change...
But we will recover... That's for sure.
Namaste.
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lamatrades.com (Since 2017)
🔝 Altcoins & Bitcoin Charts! (Special offers & discounts)
t.me/alansantana1111
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Compilation of 25 Trade Ideas predicting the S&P 500 Index (SPX) Crash...
Now, let's try and predict the bottom/low.
Join us in the comments section.