S&P 500 index ,,, support zone
The chart is on the support zone, and it could be end of 2 weeks correction.
The last two days the volume of the trades was significant as a sign of returning.
Based on my strategy, a new trend will be started if only the level of 5500 will be broken by a good bullish candle, preferably without upper shadow.
The negative point on this correction is the size of bearish candles. forming large bearish candles may cause more correction.
I will get my decision about 30 min before the Bell.
The last two days the volume of the trades was significant as a sign of returning.
Based on my strategy, a new trend will be started if only the level of 5500 will be broken by a good bullish candle, preferably without upper shadow.
The negative point on this correction is the size of bearish candles. forming large bearish candles may cause more correction.
I will get my decision about 30 min before the Bell.
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