SPX500 with potential Peek-Sell!
Hey tradomaniacs,
SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout.
As always I`m very cautious here due to the current volatility and uncertainy of the market.
Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side.
A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off.
What do you think?
SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout.
As always I`m very cautious here due to the current volatility and uncertainy of the market.
Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side.
A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off.
What do you think?
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