S&P500 definitely entered into the bear market!
Hello, everyone!
2.5 months ago I told you that the S&P500 crash is incoming (Linked article into description). I marked the signal bar on the chart with the arrow. Now the bear market is confirmed because the bearish divergence on the 1W chart leads to the red candles on the impulse system. Nevertheless I expect now the technical bounce to $4600 because the $4300 is the strong support and we have already seen the buyers reaction, after that I expect the steep decrease to the $4150, $3700 and the $3200. The last one is possibly going to be the bear market bottom, but we will see. S&P500 will definitely not set the new ATH during next year.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
2.5 months ago I told you that the S&P500 crash is incoming (Linked article into description). I marked the signal bar on the chart with the arrow. Now the bear market is confirmed because the bearish divergence on the 1W chart leads to the red candles on the impulse system. Nevertheless I expect now the technical bounce to $4600 because the $4300 is the strong support and we have already seen the buyers reaction, after that I expect the steep decrease to the $4150, $3700 and the $3200. The last one is possibly going to be the bear market bottom, but we will see. S&P500 will definitely not set the new ATH during next year.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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