Hello everyone! Today i want to share some trading analysis with you!
1.
$S&P 500(.SPX)$ 5666 resistance conquered, next target is 5750; based on the rally momentum, by FOMC at 2:00pm on Wednesday, I think 5750 will be hit (not trading this week, as I am in New York to attend the Asia Week Auction, 3/13-3/21)
Image
2.
5669 resistance:
(1) I marked 5666 as a target for this current upward move, and it stopped the first attempt.
(2) but given the strength of the rally & 60% bearish reading, this bounce has more legs to run up.
(3) the next hurdle would be 5750 and SPX should get there by Wedn.
Follow me to learn more about analysis!!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments