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Trading2ez
Jul 6, 2022 7:45 PM

SPX500 with a potential fakerally! Short

S&P 500 index of US listed sharesFXCM

Description

Hey tradomanics,

looks like last bullish move after the fed-protocoll (Seriously... so bearish )... looks very suspicious especially in the market-depth showing absoprtion in form of a lot of iceberg-orders at the resistance.

I will give it a shot and go short from here on.

What do you think?

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Comments
kdc6423
I was wrong, It is a huge bear market....
kdc6423
I don't think so...

First, the wave 5 extended until 61.8% of wave 1.
Second, the correction wave B retraced 61.8% of the correction wave A, and just started impulse wave 3.
Third, break the minor down trend and rebounding from pivot support.

I think it will goes up at least 61.8% or further more of the correction wave A.
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