mahuduforex

waiting for a restest of support area so to continue bullish

OANDA:SPX500USD   S&P 500 Index
Since SP500 has created a new all time high, the only way to go is up and now the formation of a trending cycle is about to begin. we all know support becomes resistance and so I believe the previous high that was sustained for such a long time will play the part as we venture into new highs. the value of SP500 is inline with NASDAQ and its obvious that the value is bound to increase long term and short term too.

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