Friday, 18 September 2020

SP500 3317 heading lower, target 3000

  SP500 fell to 3291 on Friday 17th September and has recovered to 3317. Bears will look to halt recovery at 5sma 3369. Look for market to be rejected at 50sma 3342. Bears will look to tag the R2 level at 3200. Bulls will hope to recover as in June 2020 and retest all time highs within 30 trading days on Wednesday 13th October.

XUU 32.96  Break below 33 gives a target 31

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