DaferAli

SPX500

Long
DaferAli Updated   
FX:SPX500   S&P 500 Index
FR----->>>>> 4585
ST------->>>4490
T1:----->>4585
T2 along time : 4820
long time=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=
There are many possibilities
The chart shows that the head and shoulders pattern is near completion
So: it is expected to retreat to 4490, then return and achieve the first target 4585
Or go immediately without going back to 4585 and then back to 4490
Then return and achieve a new historical high at 4820-4830-4850

This is expected and technical analysis only

=\=\=\=\=\\=\=\=\=\=\=\=\=\=\==\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=
Comment:
T2 along time : 4820

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.