Hey!
It's time for a brand new S&P500 analysis.
S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.
NOTICE:
YELLOW LINE: Broken trendline in the middle of the other two.
RED LINE: The bottom trendline which is the current support IF S&P500 falls.
LIGHT LINE: Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500.
ORANGE LINE: The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500.
DARK BLUE: The current horizontal support level. ( This is more likely to happen rather than RED LINE )
The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish.
Pst. Click that follow button by the way! ;)
See you soon!
-JJ-
It's time for a brand new S&P500 analysis.
S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.
NOTICE:
YELLOW LINE: Broken trendline in the middle of the other two.
RED LINE: The bottom trendline which is the current support IF S&P500 falls.
LIGHT LINE: Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500.
ORANGE LINE: The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500.
DARK BLUE: The current horizontal support level. ( This is more likely to happen rather than RED LINE )
The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish.
Pst. Click that follow button by the way! ;)
See you soon!
-JJ-