With SnP 500 it aint over yet! I have put forth, both the weekly as well as the daily chart, to show that so far what we are witnessing are just dips and not the DEEPS!!!
I have always maintained that till the time we don’t break and close below the 1150 mark, there wont be any significant change in the bullish set up. As repeated many a times, we need to make a lower high and then a lower low to fathom any change in trend! I have added the fibs on both the time frames, to enable you to understand that till what price we treat the dips as pullbacks!!!
As the wise always say the trend is your friend, till it bends…and it aint bending YET!!!
1 comment:
Hi,
The market went down deep and broke all levels.
Thankfully it recovered to a greater extent. Is there any new support levels being built up to watchout for?
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