Will this be the expected rebound? We expect it to maintain 3870 support and price above 3900 psychological to go looking for an exit trade much higher at 4080-4130. Good trades to all!
SP500 Break of the 4220.
If yesterday I had a hope that the index would hold above the 4200-4220 support, and had made a bounce, that bounce slowly turned into a drop that ended with a quick bearish momentum at the end of yesterday's round, with the index closing below line 0b. My stop loss at 4220 barely added any points. So from 4219.5 I took a bearish position...
Good morning! I share with you my projections of the SP500. At the moment it is in the zone of 4300, after bouncing on 4200-4220. The overcoming of the 4330, would lead it to a possible resistance in 4365 that would already enter into c wave overlap. Tomorrow we expect a surpassing of the 4330 before the forecast of good results according to Google and Microsoft...
SP500 near its critical point. If it will reach line 0b at the bottom of the fractal, and fails to bounce, it is possible to see more auctions and close a possibly gap that was left in 2021, around 4020. In the short term I do not rule out slight bullish retracements in that c wave. Hold short positions if you have them from 4630-4550.
Good morning! Hold short positions until buying volume of strong-handed bulls appears. Levels and projections. In case of breaking an upward downtrend, I will have to proceed to recontest waves.