SPG BREAKS MAJOR SUPPORT
SPG (Simon Property Group) has broken a major support level and it has now become a resistance level.
The moving averages are alined both on the daily and weekly chart (indicating a strong downtrend)
Also with market being a bit overbought in my opinion we could see a pullback, which would strengthen our position
Expect further downside to 136.00
The moving averages are alined both on the daily and weekly chart (indicating a strong downtrend)
Also with market being a bit overbought in my opinion we could see a pullback, which would strengthen our position
Expect further downside to 136.00
Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.