.SPX: Can We Wait for the Rebound Soon?

MasterWU
09-03

Hello everyone! Today i want to share some trading ideas with you!

1.

Watch for 6400 Close:

(1) at open, $S&P 500(.SPX)$ gapped down below the BLUE TRENDLINE and a few MA support levels.

(2) now, it is testing support of the dotted line--see black hand.

(3) if today's close is lower than 6400, then the intra-day rebound is likely w-4, with w-5 to come tmrw.

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2.

$NVIDIA(NVDA)$ --almost $20 drop from the high on the earning day--see the purple roadmap drew last Wedn. when NVDA reported its earnings.

So far, so good. As I noted, this pattern points at a very severe correction, targeting $130-140 zone in a few weeks.

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Comments

  • Athena Spenser
    09-03
    Athena Spenser
    $20 drop already? That $130-140 target might hit!
  • Maurice Bertie
    09-03
    Maurice Bertie
    SPX below 6400? Looks like more downside ahead!
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