📉📈 S&P500 Continuation Of Uptrend 📉📈

١٧ يناير ٢٠٢٣

📉📈 S&P500 Continuation Of Uptrend

📉📈 Nearest strong support zone: around the 0.236 level of the upward wave.

📉📈 Nearest strong resistance zone: around recent peaks.

📉📈 Technical environment:

- Moving averages: Uptrend

- MACD: Uptrend

- RSI: Uptrend

📉📈 Price action: the S&P500 for the second day in a row stands still slightly declining, looking at the behavior of the price I suppose that there is a high chance before the continuation of the uptrend of scoring a mini downtrend correction, so far nothing promises us a sudden reversal to a downtrend, I still expect the upward movement to continue over the coming weeks, as long as the downward trend on the dollar remains there is nothing to worry about.

📉📈 The scenario I'm playing out is to join the upside after a downward correction is made. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

📉📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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