Sunday, 5 January 2020

SP500 3235 still Bullish, but showing signs of weakness

Upside has stalled at 3258.  Bears will need a daily close below 3200. Bulls will look to hold 3200 and retest the High within the next 2 weeks. Trump is signing Tariffs with China on Wednesday 15th Jan 2020 which could be the high point of SP500 before a pullback into Feb/March.

Mid term a hold around 3050 is require to keep the Bull going in 2020.

Long term a hold above the 200ema weekly now at 2600 will keep the uptrend going for this decade.









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