SP500 succesfully retested 200dma, broken down trendline and 0.618 retracement of the January rally. A/D line is on the lower pane, note the strong underlying breath.
This is a low risk buying opportunity, as support is just under current prices. Rally may extend to 4600-4800 area in next few months.
This is a low risk buying opportunity, as support is just under current prices. Rally may extend to 4600-4800 area in next few months.
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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.