SP500- rallies should be sold

20 באוק׳ 2020

As I expected, 3500 zone is strong resistance for SP500 and with this new fail it became even stronger.
I expect a drop to 3200 zone but, considering the 50% rally from March's low, I would t be surprised of a fall to 3k zone till the end of the year.
Sell rallies around 3500 could be a good strategy