TradingView
UnknownUnicorn21312077
May 4, 2021 7:59 PM

Could this be a Dead Cat Bounce? ๐Ÿ™€ย 

S&P 500SP

Description

โ‹…
Hello traders! The S&P almost hit our target at 4,118 (only 10 points from it...), but it still could reach there. We must be careful with the resistance lurking around the 4,175. The S&P could hit there and drop again.

We still have a strong divergence on RSI, and the price is still looking weak. Be careful with the Dead Cat Bounce. I wonder if we'll finally see a Sell In May and Go Away... ๐Ÿค”

If you liked this trading idea, remember to click on the โ€œFollowโ€ button to get more trading ideas like this, and if you agree with me, click on the โ€œAgreeโ€ button ๐Ÿ˜‰.

See you soon,
Melissa.
Comments
ahmadvahedi1990
โ‹…
thanks daer melissa
UnknownUnicorn21312077
โ‹…
@ahmadvahedi1990, U r welcome dear!
More