S&P 500 fell nearly 2.5% on Friday last week (28th March) and on Monday, we saw a bullish piercing candlestick. However, it doesn’t look like that this bullish move would sustain and its likely S&P 500 would resume its downside soon. Watch the video to understand the reasons for the same.
Update (19th September, 2022) – CAC seem to have completed wave 2 now and we seem to be in wave 3 down. Here is the latest chart. From recent swing high in August around 6608, CAC has fallen in 5 waves which means it could be either major wave 1 or a fresh impulse or…
From the 19th August top at 17992, Nifty has fallen in 5 waves impulse (1H) which suggests the short term trend is down. After completion of 5 waves down, Nifty rose in a corrective pattern (ABC) and stopped around 61.8% retracement which gives confidence that the rise is indeed corrective. From the C made on…