S&P500 Closes Above 4000: What’s Next?
Good day,
The Euro is targeting the broken psychological level of 1.2000 away from which it might pull and drop.
Gold broke the downtrend. The asset might probably pull back to the broken downtrend and approach the level of 1767.00. Although gold might have to face the resistance at this level, as well. So, let’s wait and see what is about to happen next.
The US stock index S&P500 broke the level of 3978.00. It might pull back to the broken level and then only jump. Although it is not clear yet how high it might jump. So, let’s check the candlestick formations to figure out what is going to happen next. On the other side, index rates might form the bullish trap.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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