SnP500, Dow Jones & NASDAQ Fell last Week – Why?

Traders and Investors,

In June 2022, the SnP500 (SPX) was making a base and was preparing to a ride upwards. This was simply because of the previous bullish momentum during the covid 19 times and a fall after that. The market moves in waves. So the latest was simply a correction which was going to come to an end in June 2022. Soon after that the market started to move higher and although it had a week start, it finally pushed through some of the major levels.

Last week it reach a major fib 61.8 and trend line confluence on the weekly time frame. Whereas the Daily time frame also had 200 sma there. This created a extraordinary combination of technical for the market to fall and react as it is did.  In our FCP methodology we look for these powerful confluences and trade them.

Here are few charts and below is the premium custom analysis report that we shared with our clients on June 12, 2022 expecting these moves.

Premium Analysis Report sent To Clients: https://youtu.be/brZ74UO2Bgs

Order your premium analysis report here: https://vikinsa.com/bespoke-market-technical-analysis-report/

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