Hello,Traders! S&P500 is retesting a local horizontal resistance So I think that we might see a local pullback And a move down from the level Towards the target below Sell! Like, comment and subscribe to boost your trading!
@nzahir, at least close the gap at 372. But if it goes to 430 then down to close it I would think that’s still bearish if it closes that gap it would still be in a downtrend. Maybe someone can correct me if I’m wrong. And then it would continue down to retest the 360 area then 340. But people are so bullish because they think the feds will stop easing rates and I’m not a scientist but logic tells me 9%+ inflation won’t be down enough for them to stop. I personally think this is where pits are getting loaded up on. Time will tell