The
S&P500 index from the US has made a bullish retracement today, but it is
still keeping its bearish trend as we can see on the 4 hour chart. Today the
index has found a good support at the 1896 level from where it is trying to
bounce to the upside, but the 55 and 200 exponential moving averages are
pointing down and they could act as resistance for the index. If the index
breaks below the 1896 level, then it is possible for it to continue falling to
the 1829 level.
I fully agree with your analysis.
ReplyDeleteIts a short-term recovery.
ReplyDeleteI agree, it will likely continue falling.
ReplyDeleteIn the point, thank you.
ReplyDeleteThe H4 pendant is clearly downward.
ReplyDeleteGood assessment, I fully agree!
ReplyDeleteExcellent analysis, thank you.
ReplyDeleteInteresting analysis.
ReplyDeleteThanks for your tips.
ReplyDelete