Price is retesting support as it has done over and over again. If you want to join the ride up, then now is your time.
As usual, it is essential to trade safely - do your own analysis first and weigh the potential risks against the potential gains. If the trade is worth it, then you can take it.
Price is retesting support as it has done over and over again. If you want to join the ride up, then now is your time.
As usual, it is essential to trade safely - do your own analysis first and weigh the potential risks against the potential gains. If the trade is worth it, then you can take it.
Funny how I totally didn't see the downtrend on the 4-hour chart during my analysis for this week. Now price is at a confluence and the strongest side shall win.At this point, I'm staying out of trading this pair until things become a bit more clear.
Always remember to trade with caution.
A sell trade looks probable. Price is retesting the downtrend support line. This is a confirmation signal for those who want to enter the market now. However, please trade with caution.
Price has been consolidating for some time now. A probable buy setup will be formed and a buy order can be placed. Apply a bit of discretion as price has been moving erratically although it's in a consolidation.
The S&P 500 has been trading below its support line since the start of this year. This is a poor start to the year. Investors who are willing to jump in on the assest need to wait for price to bounce back into the channel.
SP:SPX
