Updated View On S&P 500 (15 Oct 2020)
S&P500 was trying to make a strong come back but I can't help but feel the bulls are getting tired.
They are not able to retake the previous highs.
It may go back UP in the future (No one know the future), but we gotta agree that with the current political situation and the upcoming election, S&P will face some winding down firsr.
So, do not be in the hurry to get into long as it can easily revisit 3420-3440 region first.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
S&P500 was trying to make a strong come back but I can't help but feel the bulls are getting tired.
They are not able to retake the previous highs.
It may go back UP in the future (No one know the future), but we gotta agree that with the current political situation and the upcoming election, S&P will face some winding down firsr.
So, do not be in the hurry to get into long as it can easily revisit 3420-3440 region first.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Did you follow our analysis on S&P500.?
It hit our expected target. well, almost!
Now we have a lovely pin bar. It shows the signs that the bulls are not giving up just yet.
So, we can't be outright bearish to this one.
We are moving into Neutral mode now.