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S&P 500 - SELL
Hello Traders,
The S&P 500 has retested a broken wedge formation, there is also a head and shoulders formation, if this plays out there could be a significant drop coming for the US index. Generally speaking the head and shoulders formation will break lower than the neck line.
China has just cancelled a meeting with US farmers suggesting a trade war deal is further away than firstly anticipated.
Recession indicators are flashing red, the only thing holding the index higher is the FED rate cut last week.
We will see how this develops over the coming days.
Give the set up a like and let us know your thoughts below!
forexstoreau.com
The S&P 500 has retested a broken wedge formation, there is also a head and shoulders formation, if this plays out there could be a significant drop coming for the US index. Generally speaking the head and shoulders formation will break lower than the neck line.
China has just cancelled a meeting with US farmers suggesting a trade war deal is further away than firstly anticipated.
Recession indicators are flashing red, the only thing holding the index higher is the FED rate cut last week.
We will see how this develops over the coming days.
Give the set up a like and let us know your thoughts below!
forexstoreau.com
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。