SP500 bears in action pre NY open

Orlando Gutierrez Learn 2 Trade

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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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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