Good evening I was asked a lot in message, so I move away from crypto for a quick analysis of the S&P 500.
After a continuous increase since December 2018 we finally have a big correction, we have already reached the first interesting buyout zone consisting of the top of the ichiomoku cloud (2900 dollars) and 0.5 fibo (2870), so logically we have started a rebound since.
It could be that we have already found the bottom but I think more of a bounce to form an ABC corrective who will look for the double bottom or the second purchase area constituted by the bottom of the ichimoku cloud (about 2700), the golden pocket between the fibo 0.618 (2750) and fibo 0.65 (2720) as well as the MA 200 (pink) between 2640 and 2750 (depend on the time that the corection will last)
To summarize: the relevant buy target are:
2870: fibo 0.5 + cloud top ichimoku weekly
2700/2750: golden pocket + bottom of the ichimoku cloud + MA 200 weekly
like if you appreciate , thanks :)
ps : sorry for my english i'm french !
After a continuous increase since December 2018 we finally have a big correction, we have already reached the first interesting buyout zone consisting of the top of the ichiomoku cloud (2900 dollars) and 0.5 fibo (2870), so logically we have started a rebound since.
It could be that we have already found the bottom but I think more of a bounce to form an ABC corrective who will look for the double bottom or the second purchase area constituted by the bottom of the ichimoku cloud (about 2700), the golden pocket between the fibo 0.618 (2750) and fibo 0.65 (2720) as well as the MA 200 (pink) between 2640 and 2750 (depend on the time that the corection will last)
To summarize: the relevant buy target are:
2870: fibo 0.5 + cloud top ichimoku weekly
2700/2750: golden pocket + bottom of the ichimoku cloud + MA 200 weekly
like if you appreciate , thanks :)
ps : sorry for my english i'm french !
