S&P500 could end Downtrend that has begun since Oct'18 by Breakout Down Trendline at 2,680. After Breakout, S&P500 might begin Uptrend to reach 3,000.
In short term, S&P500 may fall as Tech. Correction 2,600. Should S&P500 stay above 2,600, i'm pretty sure there is a high probability S&P500 would rise and Breakout 2,680 and start Uptrend to 3,000.
The timeframe should be within the next 2 weeks.
I expect FOMC Meeting that will be held on 29 - 30 Jan'19 would be the catalyst.
In short term, S&P500 may fall as Tech. Correction 2,600. Should S&P500 stay above 2,600, i'm pretty sure there is a high probability S&P500 would rise and Breakout 2,680 and start Uptrend to 3,000.
The timeframe should be within the next 2 weeks.
I expect FOMC Meeting that will be held on 29 - 30 Jan'19 would be the catalyst.
Trade closed manually
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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.