(20180717) The SP500 will make short-term adjustments and go up!
Hello ~ Traders!
It's Brandon of allaboutforex.net.
As of July 17, 2018, spx500 is showing a decline due to the drop in crude oil. At the present time, overall trend is upward trend. However, recent sharp declines in oil have caused a downturn due to the accompanying downturn in the Dow Jones Industrial Average. The current price is in a downward trend. So it is better to respond by selling now. However, as the overall trend is on an upward trend, it is risky to increase the contract of sell.
Currently, 2738 and 2712 serve as support lines. The first scenario is likely to rebound again after the price drops to 2738. If you break 2738, it is likely to fall back to 2712 and rebound again.
For more information, please visit www.allaboutforex.net for a variety of market conditions and analysis!
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It's Brandon of allaboutforex.net.
As of July 17, 2018, spx500 is showing a decline due to the drop in crude oil. At the present time, overall trend is upward trend. However, recent sharp declines in oil have caused a downturn due to the accompanying downturn in the Dow Jones Industrial Average. The current price is in a downward trend. So it is better to respond by selling now. However, as the overall trend is on an upward trend, it is risky to increase the contract of sell.
Currently, 2738 and 2712 serve as support lines. The first scenario is likely to rebound again after the price drops to 2738. If you break 2738, it is likely to fall back to 2712 and rebound again.
For more information, please visit www.allaboutforex.net for a variety of market conditions and analysis!
1. The Daily Market >>
2. Trading Signal >>