S&P500 Index CFD Weekly - 12 - 16 Oct 2020
S&P 500 Futures keeping Friday’s upside momentum to 3,480.
During the weekend, news broke the US House Speaker Pelosi turns down Friday’s proposal from Trump, concerning the coronavirus (COVID-19) aid package worth near $1.8 trillion. This pours cold waters on expectations of further stimulus from the US government.
Technically, price is heading towards out of the box and targeting a retracement level on 2.618 fibo or move ahead higher into 3.82 fibo cycle resistance level.
During the weekend, news broke the US House Speaker Pelosi turns down Friday’s proposal from Trump, concerning the coronavirus (COVID-19) aid package worth near $1.8 trillion. This pours cold waters on expectations of further stimulus from the US government.
Technically, price is heading towards out of the box and targeting a retracement level on 2.618 fibo or move ahead higher into 3.82 fibo cycle resistance level.
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