S&P500 - Thorough Analysis - Monthly Chart
Hey Everyone!
Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart.
As you can see SP500 has been on a good track of going higher and higher since the 2008 crash.
What we can see is after the 2009 dip it has achieved ATH's day after day.
Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't really like predicting crashes and things like that cause I rather trade than yell. But, if Trump's administration continues the way they are - implementation problems, misconduct, failure to follow through - then, as a first support level will be around the 2100. Obviously, if things start escalating bad we go to 1550 which has been the strongest resistance back in the past.
Let's see the Daily chart in the next idea.
Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart.
As you can see SP500 has been on a good track of going higher and higher since the 2008 crash.
What we can see is after the 2009 dip it has achieved ATH's day after day.
Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't really like predicting crashes and things like that cause I rather trade than yell. But, if Trump's administration continues the way they are - implementation problems, misconduct, failure to follow through - then, as a first support level will be around the 2100. Obviously, if things start escalating bad we go to 1550 which has been the strongest resistance back in the past.
Let's see the Daily chart in the next idea.
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