Indeks S&P 500
Panjang

SPX Clean trading

174
Looks like a potential LONG.

I would like SPX to open with a little downfall and tap 3202.80 before heading up.

This week since SPX has been in a downtrend, GOLD has been on the rise.

I believe if SPX is in a Bull trend this week GOLD should be on a downtrend.

WHY LONG:

- 3203.80 is a strong area support zone, where market bounce off of many times.

- Coronavirus has been not too bad and the news hasn't been ugly lately. (I do not rely on news)

-3289.00 is the area where market wanted to reject but if we take that previous high we will be looking for a continuation of a strong uptrend.

Penafian

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