US500 Holds Key Support – Bulls Target Higher Levels
US500 found strong support near 7380 and the price bounced back.
The indices stopped at this area several times in the previous days, thus increasing the chances that he could respect this area again.
The larger trend remains strong and bullish despite what is happening in this lower timeframe. For this reason, we should be careful because US500 could resume the prevailing trend again.
Also, Trump sees the stock price as the leading indicator for the US economy, so he could push everything up again.
Companies are still reporting strong earnigs overall despite that some of the big ones reported a slight fall this time.
Bullish targets:
7435
7465
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
US500 found strong support near 7380 and the price bounced back.
The indices stopped at this area several times in the previous days, thus increasing the chances that he could respect this area again.
The larger trend remains strong and bullish despite what is happening in this lower timeframe. For this reason, we should be careful because US500 could resume the prevailing trend again.
Also, Trump sees the stock price as the leading indicator for the US economy, so he could push everything up again.
Companies are still reporting strong earnigs overall despite that some of the big ones reported a slight fall this time.
Bullish targets:
7435
7465
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Nota
Trade chiuso: obiettivo raggiunto
US500 - Two targets reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.