Will SP500 rise to 4300?
Although, in my opinion, there is not any fundamental reason behind it, SP500 could start rising in this first part of the year.
There is a very good saying between traders: "trade what you see, not what you think" and, what I see are 3 weeks of rejection from the 3800 zone.
With this in mind, if this 3800 low remains intact, we can have a nice rise from SP500 and, if the index manages to clear also 4k zone, 4300 resistance is a reasonable target.
There is a very good saying between traders: "trade what you see, not what you think" and, what I see are 3 weeks of rejection from the 3800 zone.
With this in mind, if this 3800 low remains intact, we can have a nice rise from SP500 and, if the index manages to clear also 4k zone, 4300 resistance is a reasonable target.
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