#SP500, Great movement on the way? Serious resistance at $ 3030 that succeeded in 3 attempts.
At the moment in H4, a double top template was created
Stochastic at maximum level with the intersection of lines.
For all of the above reasons, we recommend a sell trade with a target of 2940 and a target can grow as the SP progress.
Sp500signals
#SP500 Short-term opportunityThe graph above clearly shows the support line of the rising channel and the resistance line.
One of the most attractive products currently available in the foreign exchange market.
Ichimoku indicator continues to support further gains in the SP500 price.
Because the index has broken a new record and the Stochastic is at its upper limit and signals a correction soon we will recommend sell signal not as a trend only as a correction.
Target: 2876
S&P500 Scary fractal. Should we dump stocks?I have put today price action side by side with the September - October 2018 price action. The candle flow is very similar and what follows next scary indeed.
If we see similar development in the first week of April (the candle sequence in the eclipse), the we should get out of stocks! I don't need to mention that what followed was the strongest correction since the subprime mortgage bubble in 2007.
Stay alert and be quick to adjust.