After the break back under 4k, SP500 started to consolidate and is trading in 100 points up and down for almost 3 weeks now.
The overall trend is bearish so a down break could be next. In such a case, the recent 3.5k low is exposed. This scenario has a negation above 3950.
On the other hand, a break above the resistance of the range could lead to some gains and even to 4200.
For now, to wait and see could be the best approach.
The overall trend is bearish so a down break could be next. In such a case, the recent 3.5k low is exposed. This scenario has a negation above 3950.
On the other hand, a break above the resistance of the range could lead to some gains and even to 4200.
For now, to wait and see could be the best approach.
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🌟 Premium Contact:
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