S&P500: this index is sitting right up under the all time high and at a possible 'triple top' junction:
Like at a wedding when guests have to sit back and wait to dance until after the bridal waltz, I believe that traders are going to need to sit back and wait to see how the S&P500 tip toes around this major level. Will it be 'third time lucky' and make a break up through this major resistance or will this be the turning point that so many traders are speculating about?
I don't think that any clear trend momentum with risk appetite will emerge until after this event. So, maybe grab a glass of champagne and get ready to toast the S&P500 just in case it triumphs here during the US session tonight.
I don't think that any clear trend momentum with risk appetite will emerge until after this event. So, maybe grab a glass of champagne and get ready to toast the S&P500 just in case it triumphs here during the US session tonight.
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