SPX500 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 3350.7556 can be expected within the next 2 days.
Related Posts
ASX 200 experienced a very large 13 days bearish move to 7165.3
Those of you that are trend followers are probably eagerly watching ASX 200 to see if its latest…
Nikkei 225 hits 31071.0 after a 8.53% move spanning 4 days
Nikkei 225 experienced an extremely large move that lasted 4. This movement is in the 3.0 percentile and…
Is the DAX 40 poised for a turn-around after 8 consecutive bearish 4 hour candles?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…