S&P500 next move according to Cycle Analysis

2022年5月14日

After reaching the target in the previous analysis and confirming the reverse trend from downtrend to uptrend, according to my new analysis, we should reach a good target in the #S&P500CURRENCYCOM:US500 around 4400. After that, it will reverse the uptrend to the downtrend again. Based on these trends and according to the Top Down Approach method, a basket of US stocks can be traded, as well as Dow Jones and Nasdaq. In fact, SP500 is used as a Leader for trading other symbols. Given the positive correlation between SP and Bitcoin, I expect Bitcoin to rise to around $ 43,000 and fall below $ 25,000 again.
Happy Trading