benedekdomotor

These are confusing times

benedekdomotor Updated   
CURRENCYCOM:US500   US 500
As you can see the long term resistance (started on Feb 20) holds still. It failed to break out, for now.
I have no idea what will happen, but 3 scenario is possible.
First one: a healthy pullback is coming our way ( target: 3096.2) than a run-up (target: 3243.6)
Second: the resistance completely rejects the price, in this case, a lower level might be possible ( target: 2990.3)
The third one: If it breaks out soon; then we might reach higher levels quickly ( first target: 3229.8)
Trade closed: target reached

Related Ideas

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.