SP500: Bears Trap or Reversal?
Today and tomorrow could be decisive in the medium-term trend. The minimum touched yesterday was really very important. If the price remains above WPP (weekly closed), this bearish swing should only be considered as a pullback (Bears Trap) and we expect a test of resistance (2031 to 2060). If the price closes below WPP, next week we expect a real retracement.
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