One more SPX trap? [Video]
|S&P 500 sold off heavily in the first hour after the opening bell, and offered a trappy session till today‘s opening bell. Neither SMCI and AMD surprised nicely with their earnings, and I‘ve talked enough on breadth and sectoral leadership already. Similar applies to USD that lost traction less than 24hrs ago – what is the outlook in a few charts presented?
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.