• We nailed another target on SPX, as it did exactly what it had to do, and it hit its 21 ema yesterday, just after I posted my daily analysis;
• Today, it is under the 21 ema, indicating that the sell-off was intense, but we see some reaction;
• While I’m writing this, SPX is trying to do a Hammer/Doji candlestick pattern in the daily chart. The pattern is still forming, and there’s a good chance it won’t close like this, but if it confirms a bullish reaction, it might bounce to its 21 ema again (daily chart);
• The index is trying to stabilize just above the 50% retracement, as seen in the daily chart, and this point might work as a support level for us;
• However, SPX has yet to show more bullish signs in order to truly reverse. For now, I won't set any public target on it, but I’ll keep you guys posted, as usual. Soon we'll have more definition.
Remember to follow me to keep in touch with my analyses!
• Today, it is under the 21 ema, indicating that the sell-off was intense, but we see some reaction;
• While I’m writing this, SPX is trying to do a Hammer/Doji candlestick pattern in the daily chart. The pattern is still forming, and there’s a good chance it won’t close like this, but if it confirms a bullish reaction, it might bounce to its 21 ema again (daily chart);
• The index is trying to stabilize just above the 50% retracement, as seen in the daily chart, and this point might work as a support level for us;
• However, SPX has yet to show more bullish signs in order to truly reverse. For now, I won't set any public target on it, but I’ll keep you guys posted, as usual. Soon we'll have more definition.
Remember to follow me to keep in touch with my analyses!
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
