YaKa

SPX - Weekly update

FX:SPX500   S&P 500 index
4

Although 2160 looks possible if there is a breakout, I think it is unlikely (too obvious).

The risk of a breakout is still existing but I bet it would be a fake one.

WIth or without fake breakout, i think the next move is one below 2040 that shall open new dynamics to 1900.

I would buy 1900 to target 2250 in November.

SPX got stuck in the current congestion(2040/2120) zone for 11 weeks. Something is probably going to happen.

Over 4 weeks
Max upside: 4%
Max downside: 10%

Trading plan: a touch on the 100w ema before a major firework rally..
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.