Trade: long
Target 1: 4540
Target 2: 4700
We have already posted our thoughts about the economic situation in the United States in our NASDAQ overview -
Technical analysis
On the pre-market S&P500 dropped to 4320, but got bought right away. It looks like the price is forming the head-and-shoulders pattern. Look for the shoulder line breakout as it will be a signal for the long trade opportunity with the target at 4540.
Target 1: 4540
Target 2: 4700
We have already posted our thoughts about the economic situation in the United States in our NASDAQ overview -
Technical analysis
On the pre-market S&P500 dropped to 4320, but got bought right away. It looks like the price is forming the head-and-shoulders pattern. Look for the shoulder line breakout as it will be a signal for the long trade opportunity with the target at 4540.
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.
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.