SPX500, together with Nasdaq, has incredible power and is a great opportunity for traders and investors.
On the 4h/daily chart, we have a descending broadening wedge, so you can wait for a breakout of this pattern to enter a long position.
According to my Elliott Wave analysis, an ABC correction has ended, and there is a strong possibility of a new impulsive wave to the upside!
As you can see, we have a total of 3 trendlines on this chart, which prints a very nice market structure.
The previous all-time high is the next stop, and after that, we will go much higher.
The price is currently sitting on the 0.618 FIB, which is definitely the strongest fibonacci level that provides a tremendous buying opportunity at this point.
Look at my ideas about Bitcoin, Ethereum, and TOTAL crypto market cap in the related section down below.
For more analysis, please hit "Like" and "Follow"!
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.