The S$P 500 broke an important trend line which was very strong support. The price has now formed a series of lower lows and lower highs. These are bad signals which indicate that the market has turned around and is likely to continue its decline. An important area where the price can stop and find enough liquidity to continue rising is marked below. In case the price quickly forms new higher lows and highs, this would be a good signal for growth.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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