two priced action based scenarios - SPX

4 thg 2, 2022

two price action based scenarios involving various supports and trendlines that are mostly psychological and due to the uncertainty of the market. if fed reports continue to not prove any bullish scenarios, we could see a plunge below the previous support level we saw after this years 12% correction. on the other hand, if something as lets say: less or no rate hikes this year, we could see a test back to the trendline that the index previously held.