Just outlining a possible set of zones for the S&P500 to pull back towards (Marked in Green)
There are a few key risk events this week, so a pullback is more likely than not.
Overall - the US fiscal flows are positive and larger each year, so this is ultimately the main source of support during these global downturn times.
- FOMC
- UK General Election + Brexit
- December 15th China/US trade Tariffs
- ECB - Christine Lagarde's 1st proper meeting
There are a few key risk events this week, so a pullback is more likely than not.
Overall - the US fiscal flows are positive and larger each year, so this is ultimately the main source of support during these global downturn times.
Comment:
New all-time high on the S&P500 after Trump tweeted regarding the tariffs.
Order cancelled:
Goes to show that a weekly hanging man candlestick formation has nothing to do with fundamentals and therefore very little to do with trading.
