S&P500 is still strong
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🟢 S&P500 is still strong
The USA index is showing strength amid geopolitical tensions.
Right now, the index is in a clear bull trend since 2023 and we are far from a clear corrective pattern.
Take care if the price approach the red trendline, breaking that trendline could be a first signal of a neutral or bear market unfolding.
For now is better to hold or even buy if the price arrives to previous highs. Previous highs are a good point to buy with low risk-to-return ratios.
The USA index is showing strength amid geopolitical tensions.
Right now, the index is in a clear bull trend since 2023 and we are far from a clear corrective pattern.
Take care if the price approach the red trendline, breaking that trendline could be a first signal of a neutral or bear market unfolding.
For now is better to hold or even buy if the price arrives to previous highs. Previous highs are a good point to buy with low risk-to-return ratios.
Trade attivo
Market keeps moving upwards as the idea said. We will search for next resistance levels if you ask for.
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