SP500 on the last 2 days of last week seen a big sell off.
Market hit an historical monthly trendline (purple) and got sharply rejected back to the previous historical highs.
At the moment price is over the 0.382 fib level of the previous uptrendling leg.
If the market will break below the previous high we can set a nice short order till the 0.5 or the 0.618 fib retracement.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Market hit an historical monthly trendline (purple) and got sharply rejected back to the previous historical highs.
At the moment price is over the 0.382 fib level of the previous uptrendling leg.
If the market will break below the previous high we can set a nice short order till the 0.5 or the 0.618 fib retracement.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.