AlgoVenture

SPX500 and NAS100 - Weekly Forecast 25th - 29th March

Short
OANDA:SPX500USD   S&P 500 Index
Still remember when was it that we see the Dow, Nasdaq and S&P break through the ground?
Since then, the price has almost recovered all of the losses in a very gradual and staggering fashion.
But last Friday, we saw the biggest drop in 5-months based on a week.
It also showed a bearish engulfing candle within a supply zone.
And whatever that's just explained, it applies for the Dow Jones, the Nasdaq and S&P500.
It may yet to be a reversal but highly possibly there's gonna be more bearish trend coming soon.
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