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Investor.Unity
Aug 3, 2020 8:46 AM

S&P500 short-term retracement probable Short

OANDA:SPX500USD240
US SPX 500OANDA

Description

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For those prepared to go against the momentum, a retest of the medium-term uptrend levels seems probable; with reasonable risk:reward even at 1st target levels. Anticipate buying and sharp bounces.

Risk-off sensitive. Manage exposure accordingly.
Trend AnalysisChart PatternsS&P 500 (SPX500)Bearish PatternsretracementcontrarianoverboughtdowjonesequitesIndicessandp500
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