Based on the technicals I'd be expecting US500 and other indices (US30, NAS100) to turn bearish again, at least for a short while. US500 has a key level of liquidity at 5577 which has to be swept before any major bulls return. Once that level is taken out, it depends on how the fundamental will develop and we can either expect the bears to continue the sell off or we may see the top 3 indices reach new ATHs.
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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.