๐S&P500 Lack Of Strength For Growth. What Will Market Do?
๐As I wrote in my last post, I expect the declines to continue:
๐The market has lacked the strength to make any bolder moves in recent days.
๐The only noteworthy thing was for stopping the declines and a tentative attempt to make an upward correction cause it is hard to call it a continuation of the trend.
๐It looks like the market will try to attack the area of resistance where the level of 0.382 of the whole downward wave and the 50-period moving average are located.
๐But at any moment I am looking for some signs of the beginning of the continuation of the downward trend to the levels of the support zone marked in the previous post.
๐The scenario that I am playing out is to look for a strong price reaction that will confirm the continuation of the downtrend with a teget in the support zone. 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.
๐*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐If 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.๐
๐As I wrote in my last post, I expect the declines to continue:
๐The market has lacked the strength to make any bolder moves in recent days.
๐The only noteworthy thing was for stopping the declines and a tentative attempt to make an upward correction cause it is hard to call it a continuation of the trend.
๐It looks like the market will try to attack the area of resistance where the level of 0.382 of the whole downward wave and the 50-period moving average are located.
๐But at any moment I am looking for some signs of the beginning of the continuation of the downward trend to the levels of the support zone marked in the previous post.
๐The scenario that I am playing out is to look for a strong price reaction that will confirm the continuation of the downtrend with a teget in the support zone. 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.
๐*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐If 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.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ