S&P 500 on the Rise!

Good day,
The S&P500 has pulled from the 3862.00 level. The asset is currently approaching the historical maximum of 3959.00 and has the potential to break it. The index might also pull from the resistance level and drop. All in all, let’s wait and see what the index is about to do next at the 3959.00 level.

Oil broke the 60.00 psychological level and could gain a significant support on the way back to the broken trendline, continuing to grow.

The price of the Euro is sliding below the broken uptrend. Hence, the asset could eventually get back to the 1.2000 level just to retest it and jump North.

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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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