S&P 500 INDEX
Hi.
S&P 500 is moving in a descending triangle, which is getting stronger with each tap on the support and resistance zone. Presently it again dismissed from the descending trend-line after creating a double.
Now a downward move is expected in S&P 500 toward the horizontal support, from which we could expect a decent bounce. We've to keep an eye on a strong breakout/breakdown, which will confirm the direction of S&P 500.
S&P 500 is moving in a descending triangle, which is getting stronger with each tap on the support and resistance zone. Presently it again dismissed from the descending trend-line after creating a double.
Now a downward move is expected in S&P 500 toward the horizontal support, from which we could expect a decent bounce. We've to keep an eye on a strong breakout/breakdown, which will confirm the direction of S&P 500.
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