Short
S & P New Downtrend is in charge
The S & P 500 just recently left its uptrend we are ranging in since the corona lows. This happens 2 months after FED announced tapering bond purchases and so decreases money supply. I'm therefore expecting an upcoming bear market, technically starting today, accompanied by a further decreasing EUR and GBP.
Trade closed: target reached
Price hit trend and horizontal resistance, time to take profit
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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.