Tuesday 11 August 2020

S&P500: Closed the gap, now getting closer to old high resistance zone: 3393.52!

 S&P500: Closed the gap, now getting closer to old high resistance zone: 3393.52!

FOMOFED liquidity bubble keeping the party going! S&P500 closed the gap, and is now close to the next key resistance zone of 3393.52! Need a breakout past that level for the rally to continue!

If resistance holds, we should see the market consolidate back down to top end cloud support zone of 3211! 


All aboard, 3393.52 is the next stop, but a risky time for the market over the next few months!




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