Analysis

SP500 bears in action pre NY open

The SP500 is trading negative pre market with bearish pressure weighing for a possible retest of the previous week's lows. With this much uncertainty on the passing of the new coronavirus relief beill before the presidential elecetions and the election itself we can see US equities suffer losses which could bring the SP500 to our buy zone around the 3400.

Heads up to a bullish rejection of this massive level.


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