COULD THE SPX 500 CONTINUE TO THE DOWN SIDE...
AN ARTICLE ON INVESTING.COM READ, Geopolitical fears swept through markets, causing large swings to the downside but a raft of solid corporate earnings ensured the S&P 500 held gains to post a weekly win.
President Donald Trump’s decision to cancel the planned summit with North Korea rocked markets on Thursday a day after the Federal Reserve’s dovish minutes had triggered a rally.
The Federal Reserve on Wednesday confirmed the need for gradual rate hikes but showed policymakers were comfortable with inflation overshooting target, lessening the prospect of a faster pace of rate hike
https://za.investing.com/news/stock-market-news/top-5-things-that-moved-markets-this-past-week-1167425
WE COULD SEE THE SPX GAIN IN THE COMING WEEK OR CORRECT THIS BIG MOVE,LOOKING AT THE CHART TECHNICALLY I DONT THINK WE CAN JUST TURN AND HEADON UP BULLISH WITH EVERYTHING HAPPENING IN THE WORLD
SPX500 SELL
SL - 2366.4
TP- 1997.7
PERIOD - SWING TRADE
AN ARTICLE ON INVESTING.COM READ, Geopolitical fears swept through markets, causing large swings to the downside but a raft of solid corporate earnings ensured the S&P 500 held gains to post a weekly win.
President Donald Trump’s decision to cancel the planned summit with North Korea rocked markets on Thursday a day after the Federal Reserve’s dovish minutes had triggered a rally.
The Federal Reserve on Wednesday confirmed the need for gradual rate hikes but showed policymakers were comfortable with inflation overshooting target, lessening the prospect of a faster pace of rate hike
https://za.investing.com/news/stock-market-news/top-5-things-that-moved-markets-this-past-week-1167425
WE COULD SEE THE SPX GAIN IN THE COMING WEEK OR CORRECT THIS BIG MOVE,LOOKING AT THE CHART TECHNICALLY I DONT THINK WE CAN JUST TURN AND HEADON UP BULLISH WITH EVERYTHING HAPPENING IN THE WORLD
SPX500 SELL
SL - 2366.4
TP- 1997.7
PERIOD - SWING TRADE
Trade closed: stop reached
