SignalSwiss
Short

SP500: Medium-Term Consolidation

INDEX:SPX   S&P 500 Index
2749 7 62
a year ago
In monthly time frame, we see a possible development of "C Area" and potential arrest of technical rebound, we think that from this area, could start a second bearish leg with potential test 50MA developed with (a) AB=CD bearish pattern . TARGET 1 @ 1.895 (d AREA) and TARGET 2 @ 1.795 (D AREA) and a stop protection above 88.6AB or HS.
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SignalSuisse
www.nonsolotrading.com
9 months ago
Comment:
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Thanks for sharing. I'm a newbie and wonder what level is 88.6AB or HS? Nice weekend!
+1 Reply
Very nice. Thanks again for all of your fantastic posts! I am seeing the similar for the Nasdaq
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+2 Reply
play4trade
a year ago
Hate to break it to you, but you are looking in wrong direction. SPX is getting ready to make new highs. They will first exhaust this range. XLF will lead the way. I hope people don't get too short. They are luring shorts in like crazy.
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SignalSwiss TOP play4trade
a year ago
thanks for your opinion! happy trading!
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muslim_islam14
a year ago
spx
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bicktash muslim_islam14
a year ago
any words to accompany your thoughts?
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muslim_islam14 bicktash
a year ago
!
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