ππS&P500 Struggles At Support Zone
ππS&P500 Still struggling, as I wrote in my previous post that I don't see a chance that the buyers' attempted attack will be successful:
ππThis is what happened
ππIt looks as if, after yesterday's declines, an opportunity has opened up to attack yet another support zone defined by the 0.618 level of the entire upward wave from the bottom.
ππSo far, the technical situation supports the downward scenario and it seems to me that we may see an attempt by the bears to attack the 3700 area in the near future.
ππThe scenario I am currently playing out is to wait for the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ππ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
πIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.π
ππS&P500 Still struggling, as I wrote in my previous post that I don't see a chance that the buyers' attempted attack will be successful:
ππThis is what happened
ππIt looks as if, after yesterday's declines, an opportunity has opened up to attack yet another support zone defined by the 0.618 level of the entire upward wave from the bottom.
ππSo far, the technical situation supports the downward scenario and it seems to me that we may see an attempt by the bears to attack the 3700 area in the near future.
ππThe scenario I am currently playing out is to wait for the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ππ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
πIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.π
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«
π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«
π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«