The price structure and the study of divergences show a probability of a bullish scenario in 3 phases:
1/ bullish bounce untill 4000 (FIBO 38.2%)
2/ resumption of the decline until the strong support 3200 (FIBO 61.8%)
3/ return of the long term bullish trend up to 5000
1/ bullish bounce untill 4000 (FIBO 38.2%)
2/ resumption of the decline until the strong support 3200 (FIBO 61.8%)
3/ return of the long term bullish trend up to 5000
Comment:
long term trend:
Comment:
I remain bullish until 4000.
Trade active:
![[S&P 500] short term bullish but mid term bearish](https://s3.tradingview.com/d/da4o8Mkg_big.png)
Comment:
I expect a reversal between 4150 and 4300.
Comment:
My target is 3200.
Comment:
I expect a drop in the next weeks.
