Now S&P 500 is in 5 last wave , it means that this increase of USA stock market is final before dramatic recession. But at the moment we are probably in the beginning of new steady growth.
Hi, from a looking back perspective, why 2740 is a strong price level ? Thanks.
BandBInvestment
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@cocawater, because it is mirror level that is proofed by candles in the 5th of February and the 7th of March. Besides the 8th of March there was the false breakout after which S&P 500 reach for new local Maximum also false breakout occurred the 3th of June and then sharp price rebound was. All this facts point out that 2740 is a strong level.