Today, S&P500 had a sharp decline from Sep 20.
I really don't know what cause this decline. It could be from bad NFP report or the ongoing fear of taper.
US Dollar devalues against all major currencies.
If bad NFP report is cause: Equity increses and Currency decreases.
If fear of taper is cause: equity fall down and currency soar up.
However, the fact is opposite.
No matter what what caused that decline. I think SP500 after pierced the key support I show on the chart, it will test next support 1810.55.
I really don't know what cause this decline. It could be from bad NFP report or the ongoing fear of taper.
US Dollar devalues against all major currencies.
If bad NFP report is cause: Equity increses and Currency decreases.
If fear of taper is cause: equity fall down and currency soar up.
However, the fact is opposite.
No matter what what caused that decline. I think SP500 after pierced the key support I show on the chart, it will test next support 1810.55.
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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.