The S & P 500 broke the bull channel started years ago after the 2009 crisis and tested a major supporter that is the EMA 200. If the year closes below this EMA, the whole market is likely to face a nine-crisis, which can last a long time. The next few days are very important
Trade active
It seems that it will close the year above the EMA 200 (our main support), though it seems that it will end below the low channel. That's a downside and the EMA200 may be broken shortly if good news does not come in the coming weeks.Trade active
i am shorted in top, and you? ;)Trade active
Still below my channel.
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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.