Trading Idea - #SP500
My trading idea for the SP500 Index - Sell / SHORT
After the Fed raised interest rates by another 75 basis points, US equity markets continued their rally. The S&P 500 Index managed to jump above the 4,000 point mark.
The FED caused high volatility and another rally in the US markets. Trading closed at a very high level.
From a chart perspective, the recovery phase so far should only be seen as an interim recovery from the previous losses, from which it could go to new lows for the year.
After the Fed raised interest rates by another 75 basis points, US equity markets continued their rally. The S&P 500 Index managed to jump above the 4,000 point mark.
The FED caused high volatility and another rally in the US markets. Trading closed at a very high level.
From a chart perspective, the recovery phase so far should only be seen as an interim recovery from the previous losses, from which it could go to new lows for the year.
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.