My God. If the SETUP used is correct, technology companies will melt the SPX index.
I won't even write a text explaining why, because no one likes reading.
I will post the bearish pivot combined with a buy trap. What a thing, right? Supports: 4933 for the moment. Medium-term secondary support (15/20 days): 4742.
I'd better keep quiet. Because things always turn out the opposite of what the graphs show. However, they will never stop occurring at a given future moment. 30 days. Lol
Medium-term bearish pivot.
All short-term bearish pivot targets have been caught. And in this time frame there are no signs of a change in the corrective direction, therefore, the medium and long-term target presented above is the most sensible for the moment.
Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphic analyzes below!