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Bullish or brearish SP500?
Hello traders!
It is time to be bullish on SP500 and US stocks?
Yes, BUT.
There is possible pullback to 4450 - 4600 but on this leves you should be very careful.
Reasons
1) Trendline
2) Strong resisitance level
3) Fiboretracemen 0,618
During summer are many traders out of a market and the volatility is lower then usual.
It is time to be bullish on SP500 and US stocks?
Yes, BUT.
There is possible pullback to 4450 - 4600 but on this leves you should be very careful.
Reasons
1) Trendline
2) Strong resisitance level
3) Fiboretracemen 0,618
During summer are many traders out of a market and the volatility is lower then usual.
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