S&P setup

١٩ نوفمبر ٢٠٢٠

S&P joins Dax flagging a solid correction, we would expect the previous mighty impulse to continue soon, but this flag is not looking too bullish though, and we trade on aths, who will buy here ? But we will follow price and see where we are breaking. The current market sentiment is quite bullish in my opinion with biden bringing stability, vaccine news and the Fed still stabilizing markets. Nevertheless there is remaining uncertainty, we will see what wins.