Signs of lower low basing is look good; Setup to go for the higher low!

Price action

- MA5 finally starting to peel away from Lower Bollinger Band

- MA5 starting to taper

- Price action still below MA5 for now

- Tue to Thurs price action has shown good support off 421

- Does look a good base to form to go for neckline target 432 next days

- Higher low now likely at 435 to 438 (could be just a relief rally then)

But for now, focus, which is price action is firming up.

1. Get above MA5 (425/426)

2. Get to 432

Good luck, all!

S&P500 Daily (left) 30mins (right)

@CaptainTiger @Deposit @TigerStars @LMSunshine @macroB @melson

More dip after SPX falls below 4300?

S&P 500 closed at 4273.53, below the key support level of 4300; Nasdaq fell below 13100 yesterday. With two key indices falling below the support level, market begins to speculate for more declines. -------- Will the indices rebound? Or more declines ahead?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

melson
2023-10-06
melson
still have room to slide
- Asphen:
  😀
HarryCox
2023-10-07
HarryCox
Time to rebound! Don’t worry!
- Asphen:
  indeed
Aqa
2023-10-06
Aqa
Thanks for update. LSC! 👍🏻
- Asphen:
  thank you
Taurus Pink
2023-10-06
Taurus Pink
[暗中观察] [暗中观察] [暗中观察]
BillyWilliams
2023-10-07
BillyWilliams
Lower low, higher high!!

Leave a comment

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Get above MA5 (425/426)</p>\n<p>2. Get to 432</p>\n<p><br></p>\n<p><b>Good luck, all!</b></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/ce7e2a2766834fdb32703ada02233760\" tg-width=\"1280\" tg-height=\"625\"><span class=\"\">S&amp;P500 Daily (left) 30mins (right)</span></p>\n<p><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger &nbsp;</a><a href=\"https://ttm.financial/U/3577700186071729\">@Deposit &nbsp;</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars &nbsp;</a><a href=\"https://ttm.financial/U/4113904591642392\">@LMSunshine &nbsp;</a><a href=\"https://ttm.financial/U/3560858852313727\">@macroB &nbsp;</a><a href=\"https://ttm.financial/U/4123471905369072\">@melson &nbsp;</a></p>\n<p><a href=\"https://ttm.financial/S/SPY\">$SPY(SPY)$&nbsp;</a></p></body></html>","htmlText":"<html><head></head><body><h3>Price action</h3>\n<p>- MA5 finally starting to peel away from Lower Bollinger Band</p>\n<p>- MA5 starting to taper</p>\n<p>- Price action still below MA5 for now</p>\n<p>- Tue to Thurs price action has shown good support off 421</p>\n<p>- Does look a good base to form to go for neckline target 432 next days</p>\n<p>- Higher low now likely at 435 to 438 (could be just a relief rally then)</p>\n<p><br></p>\n<h3>But for now, focus, which is price action is firming up.&nbsp;</h3>\n<p>1. 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S&P500 Daily (left) 30mins (right) @CaptainTiger @Deposit @TigerStars @LMSunshine @macroB @melson 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