r00ky

[D] - S&P 500 short - possible rejection from all time high

Short
FX:SPX500   S&P 500 Index
The S&P 500 is close to its all time high and there is a high possibility of it being tested in the next couple of days. However, I expect the index to reject from it to come back to the resistence at 2025. My expectancy is mainly based of a bullish sentiment (a lot of people talking about a summer rallye happening right now) and the strength of the japanese yen, which is unfavorable for the markets.
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.