Yuriy_Bishko

S&P 500, middle-term perspective

FOREXCOM:SPXUSD   US SP 500 CFD
I think that price will continue Up move to key Sell level 2818
Near that level will be a good place to open Sell entry.

The main reason why I think that S&P can make down move is the economic cycle of growth is going to the end. So soon we will have an economic crisis around the world.

Also, S&P made 300% growth since the last crisis 2008 - 2009. After such growth, there must be a pullback.
Comment: Price came close to key zone

Trade closed: target reached
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