SPX more downside soon
Aktualisiert
SPX remains bearish.
The downsloping resistance line (yellow line) is still acting as a long-term resistance
The price is breaking down from the Rising Broaderning Wedge which is a bearish pattern.
We expect the price to get rejected from the previous support which now should be acting as a resistance.
More downside coming.
Targets shown in the chart.
Good luck
The downsloping resistance line (yellow line) is still acting as a long-term resistance
The price is breaking down from the Rising Broaderning Wedge which is a bearish pattern.
We expect the price to get rejected from the previous support which now should be acting as a resistance.
More downside coming.
Targets shown in the chart.
Good luck
Trade geschlossen: Ziel wurde erreicht
Price is close to the target 1. We recommend to take profit now
Anmerkung
Target 1 reached perfectly and the price bounces. Before reaching Target 2, more bounces expected
Anmerkung
As expected, the price bounce continues. Typical bear market rally.Anmerkung
bear market rally about to end. Expecting the rejection and downtrend continuation. Be readyAnmerkung
SPX is ready to resume the downtrend . Be careful .Trade ist aktiv
As expected, erfect rejections from the downsloping resistance line. Nothing has changed. Shorting it and waiting patiently for reaching targets!Anmerkung
The key trendline is being tested again. If this key resistance breaks, we may see some upside.
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