Major Trend line was breached weeks ago, overall were trading side ways targeting previous highs last month, overall its not a bad bet to put a long term targeting this but that's all I would recommend for now. Market still has many bulls left the economy is still strong, still have a chance for a minor rally, still I would not enter any long positions without considering the risk of it attempts to hit its previous low last month if that happens I really would want to not be a Bull
GEOPOLITICAL Risks still could swing it lower trade with caution indexes
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.