Let's be honest. SPX is in an uptrend now. The price has been creating higher lows and higher highs. The downsloping trendline which was acting as a strong resistance in March 2023 was retested and confirmed as a support. Since then the price has been in the uptrend and in our opinion we are at the early stage of the new BULL MARKET.
Yes, you hear it right: BULL market.
The price remains above the ichimoku cloud and it looks like it's breaking the horizontal resistance.
It will take time for a price to recover but let's be clear here: we don't expect new lows on SPX. There will be more corrections and pullbacks but overall 4800 -5000 is a target which in our opinion we may see in 2024/2025
What do you think?
Do you agree? Leave your comment :)
Yes, you hear it right: BULL market.
The price remains above the ichimoku cloud and it looks like it's breaking the horizontal resistance.
It will take time for a price to recover but let's be clear here: we don't expect new lows on SPX. There will be more corrections and pullbacks but overall 4800 -5000 is a target which in our opinion we may see in 2024/2025
What do you think?
Do you agree? Leave your comment :)
Trade active:
we can see continuation to the upside after a successful breakout
Expecting heavy taking profit at 4700
Expecting heavy taking profit at 4700
Comment:
Bears getting rekt. More upside
Comment:
Expecting more pullback before further upside. However the trend is bullish, buy the dip opportunity on stocks.
Comment:
Bloody September for some stocks.
Comment:
Solid bounce from the horizontal support which was previously a strong resistance
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