US500 Fast Recovery After the Drop

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The US500 has formed a potential bullish outlook.

The price is bullish and the market has made a quick recovery after yesterday’s drop. The market dropped to 4220 support and the losses were quickly erased as the profit taking and fresh buyers emerged. If 4420 breaks then the price will continue with bullishness and we should see D and W H3 hit 4472. However, today is the FED meeting so pay close attention to the price movement later in the day.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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