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BullBearMkt
31 de Jul de 2022 15:54

SP500 Market Structure Is Bearish But Price Aggressively PulBack 

S&P 500 index of US listed sharesFXCM

Descrição

The market structure for SPX500 index is a textbook bearish on weekly having formed Head-Shoulders, however price declined creating a bullish wedge and with an aggressive pullback in the last few weeks. The index needs to face bears at 4205 and if successful, bears at the shoulder level 4544 will challenge the bulls for a possible reversal. Possible outcome? Time will tell...

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Comentários
FiguringOutFinance
Agreed - interesting times ahead. And like your phrase, 'let emotions work for you'. Cheers
BullBearMkt
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