Tuesday, 15 September 2020

SP500 3341 downside target 3200

  SP500 fell to 3310 on Friday 11th September. Bears will look to halt recovery at 20sma. Look for market to bounce between 20sma 3404 and 50sma 3312 for the rest of the month

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 32.95 look to bounce between 32 and 33.5.  Break below 32.5 gives a target 30

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