SPX500 has broken through a line of 3376.5000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 3407.5000 can be expected within the next 7 days.
Related Posts
After experiencing a 7.31% bearish move in the space of 32 days, nobody knows where DOW 30 is headed.
Those of you that are trend followers are probably eagerly watching DOW 30 to see if its latest…
FTSE 100 seems to be on its way to resistance – a possible opportunity?
The price of FTSE 100 in heading back to the resistance area. It is possible that it will…
A Rising Wedge has formed, ASX 200 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
ASX 200 is moving towards a resistance line. Because we have seen it retrace from this line before,…