SP500 drops from its all time high for the last two weeks. With the current situation, it is still looking short. Even though at the 3330 level we have a resistance level, we are unlikely to have a very high bounce back or reach the all time high again.
A likely case is that, the index drops to 3220 level and has a slight bounce back and goes to a lower level. The moving average is also around the 3220 level.
to assure the position
A likely case is that, the index drops to 3220 level and has a slight bounce back and goes to a lower level. The moving average is also around the 3220 level.
to assure the position