SPX closed the last trading session of the week, just short of 2940.00 resistance price level for the fourth time in four weeks. The U.S.-China trade tensions have brought lots of volatility which we saw the Index drop to around 2850.00 and jumped back to about 2940.00 back and forth in four occasions.
Are we going to see fourth time lucky or another short opportunity could be on the way? I think China would bite her tongue for now and seek a proper dialogue to resolve this trade war issue. The Index could proceed to the upside if it breaks and remains above 2940.00
Are we going to see fourth time lucky or another short opportunity could be on the way? I think China would bite her tongue for now and seek a proper dialogue to resolve this trade war issue. The Index could proceed to the upside if it breaks and remains above 2940.00
