Thursday 5 November 2020

SP500 Index: Fantastic relief rally from cloud chart support zones!

 SP500 Index: Fantastic relief rally from cloud chart support zones! 



SP500 index managed to rebound from old cloud chart support levels at 3257 zones and is now fighting resistance at the top end of the cloud! Need to see a follow-through of this rally at these levels! So far so good for a Q4 year end rally! Bottom of the cloud at 3379 is the new Q4 support zone!


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