Hello π it's me your RAJ π professional trader β¨
This idea π‘ is completely my own analysis to explain situation _&_ market conditions of CBOE:SPX How this chart valid for long term π explained clearly based on technical #TA π #DYOR
Let's go with market conditions 1st π
PPL π thinking π€ big crash in S&P500 , based on economy and some other theories I don't this things go , if this happens π it will vanish not only stocks or companies even goverment also get vanish
Money π° >> PPL work / save in -> gold , bank & stocks Money π° >> banks -> save in ->> gold , stocks & giving loan to company & PPL π Money π° >> companies -> save in future growth π give return to retailers and keep on increasing vlaue for future like NASDAQ:AAPL , NASDAQ:GOOG , NASDAQ:AMD etc ....
if stocks lose π PPL lose π if ppl lose π goverment also lose π biggest revaluation π
π Let's go with my technical analysis β° #TA ->> how I am expecting macro growth πΉ
π There tend line π at previous High 2022 > to < 2023 which actually promised trend π line and even turned as resistance π for 1.2yr + Finally it was broken and re-test also done π turned as support π ππ π
π According technical analysis π my analysis get Invalid π when month close below $3800.2
π There was oder block strong π support π in 3 - month $4000-4200
π The previous order block at $4300 & $4600 easily broken π
These and some other theories making me push towards new high π°
βΆοΈ TQ u for supporting π follow idea π‘ get updates everytime β° when I updated π
Note π
π keeping comments , reacting with emojis , pointing us is very easy to some people They think π¬ what they see π that was knowledge π
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull π and bear π» is more important