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VasilyTrader
May 15, 2022 7:58 AM

S&P500 Index (SPY) Time For Correctional Move?! 📈 Long

FX:SPX5003D
S&P 500 index of US listed sharesFXCM

Description

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S&P500 index looks very oversold.
On Friday, the price reached an important zone of confluence:
we see a perfect match between a horizontal demand cluster and
a completion point of a harmonic ABCD pattern.

From that zone, I will expect a pullback at least to 4080 level.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Comment

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Check my new idea on ETHUSD:
FibonacciAB=CDFundamental AnalysisindexesS&P 500 (SPX500)S&P 500 E-Mini FuturesS&P 500dowjonesUS30trading
Comments
RLinda
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I agree, I think that the price may roll back to resistance, and then the sp500 will go down. Thanks for sharing)
VasilyTrader
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@RLinda, you are welcome my friend)))
weirdmoney
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Well, that beautiful Chinese data could destroy the hopes of a pullback. This correction could easily turn to 2008 imho
VasilyTrader
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@weirdmoney, thank you for sharing your thoughts my friend ☺️☺️☺️
weirdmoney
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@VasilyTrader, well it did played out as you predicted :D on the longer run I keep my eyes on these macro data
ProSignalsFx
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Good luck!
VasilyTrader
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@ProSignalsFx, thank you brother :)
jojofang0901
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might see some bullish reversal, thx
VasilyTrader
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@jojofang0901, you are welcome buddy!!!
UnitedSignals
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Noted, thank you!
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