-Market's uncertainty due to the Delta variant combined with Possible Tapering talks on 26th of this month drags the stock market into a stagnant movement.
-Technical overview shows a double top formed which plays a role as another catalyst for the downward move.
-We expect a drop to the levels around the support line which stands at $30.
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.