This is my view on MIcro Mini S&P.
Currently, there is less buyer coming into the market. Price is heading towards the 4250 - 4220 previous resistance zone/key level before the rally breaking the trendline.
Good luck.
Focus on the upcoming week will be on US employment report that due to release on Good Day (a market holiday), with forecast slated on signs of a further gradual job recovery. Market will also be watching on President Joe Biden’s infrastructure plan, which he is expected to unveil in Pittsburgh on Wednesday, along with OPEC+ meeting which could offer guidance into...
During the last few days, both Cryptocurrency prices and US equity prices has been shaky and have dropped from their ATH (All-time-high). Reason being that there was uncertainty in leading up to Federal Reserve Chair Jerome Powell speech.
Many investors were speculating that interest rate might increase together with treasury yields because inflation of 2% is...
The US is releasing the second estimate of Q4 GDP, alongside durable goods orders, personal income and outlays, and PCE price index. Elsewhere, the Eurozone business survey and the UK jobs report will be keenly watched Now, with rising yields, the chances the Fed will begin lowering its asset purchases, reducing liquidity, are starting to increase. Investors are...
Hey everyone, here's the analysis on SPX. Follow us, leave a like and comment on stock ideas you look forward to seeing next!
Analysis:
R1 zone is a strong resistance and breakout zone and price could drop to our S1 zone at 2541.5. If this level does not hold, it could drop lower to our next support zone, as illustrated by the black lines.
Disclaimer: There...
