Get started
xosignals

Which side will the #sp500 choose?

Long
S&P 500 Index (SP:SPX)  
xosignals  
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators S&P 500 (SPX500) sp500index sp500analysis sp500future sp500long sp500daytrader
4
0
trendanalysis chartpattern indicator spx500 sp500index sp500analysis sp500future sp500long sp500daytrader
For the past 14 days, the price of the S & P500 has been stuck between 2767 and 2813. We believe that because of the wait for Trump and China, will they reach an agreement or not? If the Chinese and the Americans reach this agreement, it is good for sp500 and if not is bad, All this in terms of Fundamental Analysis, In terms of technical analysis we see in the graph above that we are really close to serious resistance, in case the sp500 will succeed in breaking the resistance the increase in the index will be serious, Since we are at the bottom of the last 14 day range and the trend is uptrend we recommend buying with a lot of caution
Buy SP500:
Stop loss: 2760
Take Profit: 2910
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.