garold
Long

If SPX500 breaks above 2184, expect rally to 2352 FIRST

FX:SPX500   S&P 500 index of US listed shares
65 3 2
Wide trading range for SPX500             so long as it's above 2016. Is on the cusp of breaking 2184 and if it manages to break through, expect rally towards 2352 median of range (with minor resistances at 2226, 2268, 2310).

If bulls can take out 2352, 2688 top end of range comes into play but expect heavy selling pressure at 2520.

Bears can only be in control if they can manage to break below 2016.

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garold
AMZN trading range
garold about AMZN 4 months ago
ruzgar
4 months ago
sir hi.these numbers are fibo or something else?
Reply
garold
4 months ago
Yes, sir ruzgar. Support and resistance levels are defined using homogeneous linear recurrence relation (Fibonacci). https://en.wikipedia.org/wiki/Recurrence_relation
Reply
ruzgar garold
4 months ago
thanks .
Reply
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