Hi Traders, if you've taken the advantage to short the S&P500, I believe your target has been met.
Since last week, i've been talking about the 4150 resistance as price continued to consolidate around that zone then had multiple failures.
In the past 2 days, it plummeted from 4150 all the way back to the previous key low at 3900.
If we see further selling pressure, especially if there's a break below 3900, it could potentially send SPX into a new low, but for now let's observe first, will keep you all updated.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Since last week, i've been talking about the 4150 resistance as price continued to consolidate around that zone then had multiple failures.
In the past 2 days, it plummeted from 4150 all the way back to the previous key low at 3900.
If we see further selling pressure, especially if there's a break below 3900, it could potentially send SPX into a new low, but for now let's observe first, will keep you all updated.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
