S&P;500 UPDATE

STOCK MARKETS 1 Minute

$S&P;500; has given a durable bounce, from recent lows of 3810
In my post, dated, 23rd,May, I expected a sharp rally to unfold
4,200+ was the Targets which were projected for this Bare Market bounce!
Last week S&P made high around 4,178
Went very close to the projected target
May be it still have 1 more leg pending on upside
But TIME wise the bounce have played out
Markets are now ready to test May lows
Price wise
If S&P, start trading below 4050, that would signal incremental weakness, which would take S&P, towards, May low of 3810
It wont stop there
Would discuss further targets when we get the print of 3810
Till then enjoy the upcoming fallhttps://ganntradersaahil.wordpress.com/2022/05/23/sp500-update-2/

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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