Equities trades in high volatility
Equities trades sideways throughout the week between the 3900 and 3950 region.
However on Friday, the S&P500 had a momentary breakout above the 3950 resistance region but fell back to within the range.
As pointed out last week, if price managed to trade above 3950 region, the index is likely to move towards the 4050 region. If the index is able to turn above from the 3960 support early on the week, there is a high possibility that the index will head towards the 4050 region.
However on Friday, the S&P500 had a momentary breakout above the 3950 resistance region but fell back to within the range.
As pointed out last week, if price managed to trade above 3950 region, the index is likely to move towards the 4050 region. If the index is able to turn above from the 3960 support early on the week, there is a high possibility that the index will head towards the 4050 region.
