SP500 short outlook 🦐
The market after a rise to the upside can't make new fresh highs.
Covid instability on USA company make the future outlook not clear and the market start to lose the positive momentum.
Price hit and EMA 200 and got rejected and now if the price will manage to break the structure in blue we could look for a nice short position according with our signal with the target to the next strong support level around 2600 area.
Covid instability on USA company make the future outlook not clear and the market start to lose the positive momentum.
Price hit and EMA 200 and got rejected and now if the price will manage to break the structure in blue we could look for a nice short position according with our signal with the target to the next strong support level around 2600 area.
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