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razumcapital
Sep 17, 2022 3:23 PM

S&P 500 analysis Short

SPDR S&P 500 ETF TRUSTArca

Description

Today is the time to update the S&P500 forecast ,from our last forecast the only thing that didn’t go according to plan was a false exit above 400p but quickly returned to support and without seeing any buys we broke support and reached our first target . For now I am not considering any reversal scenarios after this breakout

On September 21, we expect another increase in the rate, most likely by 0.75%, I think this is already taken into account in the price, but with some sharp and strong news, we may see an acceleration of fall, I would expect a drop below 380p with 371p and 364p targets

Trade closed: target reached

Comments
JoeChampion
Valid breakout, i will wait to sell the retrace!
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