S&P 500 IndexLong
SPX500,,, defeat of resistance
The chart has received to the resistance zone. In my idea, passing of this area could be start of a new uptrend. Totally market is emotional these days and every prediction can be failed easily.
The negative aspect of the market is that very high and low is formed by moving of big caps.
I will be convinced if i see a good confirmation above 5500 for getting new buying positions.
The negative aspect of the market is that very high and low is formed by moving of big caps.
I will be convinced if i see a good confirmation above 5500 for getting new buying positions.
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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.