3200 support is on our radar in SP500

6 בינו׳ 2020

The indices started the week on a horizontal course due to the rising tensions between the U.S. and Iran. The depreciation continues in global indices and we will follow 3200 level in order to determine whether the current selling pressure will continue. If the retreats decrease below this area, 3168 area will be on the agenda. In possible upward movements, 3240 and 3255 levels will set the tone in the index.