NimbusTrader

SPX Daily Analysis - 3rd May

SPCFD:SPX   S&P 500 Index
SPX is still ranging within this big descending triangle and in fact DJI and NDX is having similar pattern as well
Most likely we will see a contraction before a decisive movement to break up or down from the triangle..
Till then we would not be taking any mid term trades and will only do intra-day trades
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