Through out the previous month we had downward pressure on US500, From my analysis, I believe more is to come but for the time being we're having a correction to the upside - that is on the monthly and weekly TF.
On the Daily there's a downward pressure which from wave analysis indicate more downside after this small daily correction is complete, to possibly break below 36300 handle before a move to the upside will begin, probably to 40020 area(Fib 61.8).
For the mean time trade safe.
On the Daily there's a downward pressure which from wave analysis indicate more downside after this small daily correction is complete, to possibly break below 36300 handle before a move to the upside will begin, probably to 40020 area(Fib 61.8).
For the mean time trade safe.