SPY knocking on serious resistance
|S&P 500 finally did the test of Friday‘s closing flush values, and rebounded as predicted. It didn‘t though stop either at the first resistance (6,665) and now premarket at the second one (6,720s) either.
Mid-6,720s stopped the rebound yesterday only, forcing a strong retreat into the closing bell on fresh China escalation – the situation is far from settled (we have a Trump-Xi meeting hope now though), Nasdaq is lagging behind both S&P 500 and Russell 2000, so where‘s the winning place these days exactly?
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.