SPX500 Bears are Leading the Fray

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The SNP500 (SPX500) is extremely bearish. As the US election day grows near we can see indices dropping without any hesitation.

JPY is strengthening. When the JPY goes up, Equities drop and that has been the historical correlation. At this point we can see 2 POC zones where we can expect new drop 3350-60 zone and if pullback happens 3440-3455. Bearish continuation aims for 3240. Look for continuation if the market drops below 3339.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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