S&P 500 IndexShort
SPX500 Trump abandoned 'strong dollar' rhetoric?
SPX500 reached an all time high and now bulls keep being rejected at 2280s level which appears to be a good resistance.
US Dollar entered a period of pressure and Trump already abandoned 'strong dollar' rhetoric saying that high USD value actually could be bad for US economy.
RSI pre-dominantly stays below 50% which further makes bull supporters question if there are any valid reasons for a further increase of SPX500.
1h chart has Moving Averages crossing in a bearish direction.
US Dollar entered a period of pressure and Trump already abandoned 'strong dollar' rhetoric saying that high USD value actually could be bad for US economy.
RSI pre-dominantly stays below 50% which further makes bull supporters question if there are any valid reasons for a further increase of SPX500.
1h chart has Moving Averages crossing in a bearish direction.
Disclaimer
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.