SP500 has been trading side ways for more than one month now and has once again reached 50% retracement level today. It closed at $1118 with relatively low volume. However, I expect SP500 to go down from here. 
At this point, I just don't see this index going beyond 50% retracement level, which is at $1121 range. We should see SP500 reach next two support levels at $1107 and $1097 within next week.
No comments:
Post a Comment