After a major sell off on the S&P500, next week we will see some recovery signs which translate into a movement to the upside around 2798.88 price level then testing back down the 2730.76 in a short term perspective.
For a long term perspective, I will wait for the S&P500 to get some upside momentum and the VIX to go below 14.69% changes from last week then enter a long position targeting 2874.91
For a long term perspective, I will wait for the S&P500 to get some upside momentum and the VIX to go below 14.69% changes from last week then enter a long position targeting 2874.91
Comment:
S&P500 reached our first level of resistance at 2798.88, would it hold or break above it? We'll keep watching
Comment:
False breakout above 2798.88 now price will test the support level at 2730.76