SPY knocking on serious resistance

Monica Kingsley Monicakingsley

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?

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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