Last week I said that SP500 is drawing a nasty picture and although we can have a rebound from the recent ascending trend line, this will not change the longer-term bearish perspective.
Indeed, we had this rebound and now the SP500 index is trading in a very strong sell zone that is set between 4100 and 4200.
In my opinion, a reversal to the downside will follow from this zone and traders should look for selling opportunities.
This outlook is intact as long as the price is under 4300 and bears can target the previous low for their sell short trades.
Indeed, we had this rebound and now the SP500 index is trading in a very strong sell zone that is set between 4100 and 4200.
In my opinion, a reversal to the downside will follow from this zone and traders should look for selling opportunities.
This outlook is intact as long as the price is under 4300 and bears can target the previous low for their sell short trades.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.