Monday 23 May 2022

S&P500 Index: Fighting for a rebound at critical cloud chart support zones between 3838/3890!

S&P500 Index: Fighting for a rebound at critical cloud chart support zones between 3838/3890! If support holds at this rebound zone should get a short relief rally from here with bottom end of the cloud as the next key resistance zones if the rebound rally takes hold!
Since price action is below the cloud and that is bearish from a cloud chart perspective with short-term swing trades possible.

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