SPX ready for the correction

27 thg 2

hi traders,

This is probably not what most traders want to see but we must be realistic.

The monthly close is upon us and it's not gonna be a bullish close.
A lot of selling pressure and it may be just the beginning.
A 13 % correction on SPX is more than likely in my opinion.
If the price loses the upsloping support, we will see the mark-down pretty soon.
Stoch RSI suggests that the bears are taking control.
My target for SPX is between 5200 and 5000.
Get ready to buy cheap stocks and cheap crypto!

10 thg 3

Giao dịch đang hoạt động

bearish momentum increasing

2 thg 4

Ghi chú

0,786 fib level reached so we may get a bounce or some sideways move but I still expect 5200 to be reached

1 thg 5

Đóng lệnh: đạt mục tiêu

The target was reached