US500 Bearish Trend Resumes

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The US500 continues with a bearish trend. We should see new lows.

The 4350 zone was good to go short. The market reacted with a retracement retracement yesterday exactly to the resistance zone. If momentum continues, which I do expect, we should see a 4240 level hit. The trend is bearish now and selling on rallies is the option now. 1-2-3 pattern breakout says it all.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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