SP500 Neutral situation

12 באפר׳ 2020

SP 500 is measured with Fibo of the last strong downtrend of 30%. We can see that thanks to a strong rebound we can observe that the price wanted to confirm reaching upper levels, after breaking MA 100 and MA 200. Although this, the price is climbing in a sort of uptrend channel and now is in the upper line of this. Is early to confirm a short trade cos we didn´t find strong bearish candles starting to engulf quite good, but keep monitoring it. IT COULD BE A WONDERFUL TRADE