The stock markets started progressive this week due to higher confidence in the US-China trade deal. However, we started to see S&P selling pressure mid-morning in the United States, breaking below the 2800 level.
At this point, it looks like we are going to go lower to look for support, and therefore a buying break should present itself closer to the 2775 level. If the support will break there, the market will possibly go lower continuously.
If there is a possible rally point, the trend has a potential to go higher up to 2900 Level.
Perhaps, this week, we will be witnessing an irregular movement on the index and noise in the market and among the traders
Will do a scalp trading strategies for Index.
At this point, it looks like we are going to go lower to look for support, and therefore a buying break should present itself closer to the 2775 level. If the support will break there, the market will possibly go lower continuously.
If there is a possible rally point, the trend has a potential to go higher up to 2900 Level.
Perhaps, this week, we will be witnessing an irregular movement on the index and noise in the market and among the traders
Will do a scalp trading strategies for Index.