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.
YELLOW LINE: in the middle of the other two.
RED LINE: The bottom which is the current support IF S&P500 falls.
LIGHT LINE: Current . 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 . ( 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 .
Pst. Click that follow button by the way! ;)
See you soon!