- SPX would continue its general downtrend
- The next key price level would be at the support of upward trend line as well as the 50 and 200 DMA
- If broken, it could head down to 3800+ price levels
- If the bias is right, we could see a lower SPX in the next few weeks leading up to the March rate hike
- The next key price level would be at the support of upward trend line as well as the 50 and 200 DMA
- If broken, it could head down to 3800+ price levels
- If the bias is right, we could see a lower SPX in the next few weeks leading up to the March rate hike
Trade closed: target reached
SPX dropped to 3800+ level. Trade successful.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.