Does the S&P500 go up or down?
FOR:
2 times bouncing off the resistance line
Negative sentiment + economic outlook
AGAINST (short-term):
Wedge formation that can develop strong dynamics in both directions
Multiple breakout attempts
200 EMA has not yet been reached, touch is again imminent
Possibility of a reversed head and shoulders formation
FOR:
2 times bouncing off the resistance line
Negative sentiment + economic outlook
AGAINST (short-term):
Wedge formation that can develop strong dynamics in both directions
Multiple breakout attempts
200 EMA has not yet been reached, touch is again imminent
Possibility of a reversed head and shoulders formation
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