Hello traders,
Analyzing s&p500 which is currently trading at 4221, In a D timeframe we see price has touched the 61.8 Fibonacci level for the first time,
Currently in a resistance area, we see yesterday price formed a reversal candlestick signaling bears are regaining momentum.
Also the major oscillators are pointing to a divergence, where price is doing the opposite of the indicators, signaling a fall of price in the nearby future.,
If you find my analysis helpful and productive, press the like button follow and comment your view in the comment section, this motivates me to bring this kind of update frequent
Analyzing s&p500 which is currently trading at 4221, In a D timeframe we see price has touched the 61.8 Fibonacci level for the first time,
Currently in a resistance area, we see yesterday price formed a reversal candlestick signaling bears are regaining momentum.
Also the major oscillators are pointing to a divergence, where price is doing the opposite of the indicators, signaling a fall of price in the nearby future.,
If you find my analysis helpful and productive, press the like button follow and comment your view in the comment section, this motivates me to bring this kind of update frequent