US 500Long
S&P500 is back on track
After a turbulent week, S&P 500 is recovering, displaying resilience and improving risk appetite. Both market strength and breadth are improving, and in spite of tech stocks having taken a hit, financial and communication sectors lead the rally.
With new earnings week coming in, S&P500 is on the rising track with an open road to achieving 6200 zone: the borderline of Bollinger Bands indicator with a parameter of 20.
Political narratives play on the side of growth, though create additional concerns, but market seems to be more focusing on growth.
Always do your own reserch and manage risk at all times!
With new earnings week coming in, S&P500 is on the rising track with an open road to achieving 6200 zone: the borderline of Bollinger Bands indicator with a parameter of 20.
Political narratives play on the side of growth, though create additional concerns, but market seems to be more focusing on growth.
Always do your own reserch and manage risk at all times!
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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.
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.