Based on my analysis, I anticipate the index to sustain its upward momentum towards the determined resistance zone. However, it's essential to remain cautious as signs indicate a potential recession on the horizon, which might limit the likelihood of reaching new highs.
Furthermore, it's worth noting that the index recently experienced a picture-perfect pullback to the downtrend line, which adds an interesting dynamic to the overall market sentiment.
Stay informed and keep a watchful eye on the evolving market conditions. Make well-informed decisions to navigate these trends effectively. Remember, knowledge is key! 📈💼💡
Join our Telegram channel via this link for analysis and trading signals.
t.me/+LT1LpjRoXPg4NGU8
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.