S&P500 Index CFD Weekly - 17 - 21 Aug 2020

Price stay near six month's high defy last Friday losses, futures pick-up above 3,370 during Tokyo session. Risk barometers recently gained from the news that the US Congress will reconvene later this week. Even so, the coronavirus (COVID-19) woes and the US-China tussle keeps the risk-on mood pressured.

Technically we are still looking at bullish uptrend channel and high probability downside is limited as price steady inside current channel