WEEKLY TECHNICAL OUTLOOK ON S&P500
SPX500 was, “attempting to break below key support into the close of the week at 4364/72- a region defined by the 61.8% Fibonacci retracement of the late-January recovery and the 52-week moving average.Weakness beyond this level threatens a new yearly low for the index with initial support seen at the 23.6% retracement of the entire 2019 rally at 4197- look for a larger reaction there IF reached.” SPX plunged lower the following week with the index briefly registering a low at 4104 before reversing sharply off a sliding parallel extending off the 2019 lows.
The rebound failed this week back a the 52-week moving average, putting initial resistance at 4392- a breach / close above this threshold is needed to shift the near-term focus higher towards the 61.8% Fibonacci retracement of 2022 range at 4547. Broader bearish invalidation steady at the yearly high-week close at 4677. Weekly support unchanged at 4197 backed by the 2019 trendline- a daily break / close below this slope would threaten another bout of accelerated losses towards key support at the May lows/ 100% extension of the yearly decline at 3993-4035.
SXP500 WEEKLY CHART VIEW
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
