Hello investor,
SP500 is on important Support level region, we have buying defence on this level in the past few days. Yesterdey seens to be broken on downtrend side but today is forming a huge Bear trap in this level, we are also breaking the downtrend short term resistance line. We are facing a very delicated moment in the global economy, we cant predict what come next, the political decisions will make the SP500 next move go up or down, the virus situation will make the sp500 go up or down, in scenario like this tecchinical analyses we only will make our moves if the chart tell us what to do, but for this we need to wait the fundametal directed the price.
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SP500 is on important Support level region, we have buying defence on this level in the past few days. Yesterdey seens to be broken on downtrend side but today is forming a huge Bear trap in this level, we are also breaking the downtrend short term resistance line. We are facing a very delicated moment in the global economy, we cant predict what come next, the political decisions will make the SP500 next move go up or down, the virus situation will make the sp500 go up or down, in scenario like this tecchinical analyses we only will make our moves if the chart tell us what to do, but for this we need to wait the fundametal directed the price.
Please, push like button and follow us in our social medias.