🟢 S&P500 is still strong
The USA index is showing strength amid geopolitical tensions.
Right now, the index is in a clear bull trend since 2023 and we are far from a clear corrective pattern.
Take care if the price approach the red trendline, breaking that trendline could be a first signal of a neutral or bear market unfolding.
For now is better to hold or even buy if the price arrives to previous highs. Previous highs are a good point to buy with low risk-to-return ratios.
The USA index is showing strength amid geopolitical tensions.
Right now, the index is in a clear bull trend since 2023 and we are far from a clear corrective pattern.
Take care if the price approach the red trendline, breaking that trendline could be a first signal of a neutral or bear market unfolding.
For now is better to hold or even buy if the price arrives to previous highs. Previous highs are a good point to buy with low risk-to-return ratios.
Trade active
Market keeps moving upwards as the idea said. We will search for next resistance levels if you ask for.
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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.