Hey tradomaniacs,
SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off.
So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy.
However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing.
Good hance to short soon imo!
What do yu think?
SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off.
So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy.
However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing.
Good hance to short soon imo!
What do yu think?