What to trade on May 9-13?
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
S&P500 Holding its 50-day MA
2021-07-22 • Updated
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year. Unfortunately, we couldn’t trigger any long positions as we were looking for some sort of stabilization first, but the bounce back came faster than we thought. In the meantime, It would be wise to stand aside and watch for how long this rally may continue, while any downside retracement should be considered as a new buying opportunity, as long as it stays above that same 50-day MA.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
4338.50 |
4341.50 |
4347.50 |
4350.50 |
4356.50 |
4359.50 |
4365.50 |
Similar
What will move the market on December 6 - 10?
Are you searching for trade opportunities for December 6-10? Here you go!
SPCE: Huge Short Opportunity
What happened? Sir Richard Branson risks losing his grip on Virgin Galactic as he continues to sell down his stake in the space tourism venture to fund his pandemic-hit businesses…
Latest news
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Canadian CPI, Top-down Analysis and Trade Ideas
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
Will the Fall of USD Bring Hope to the Crypto Markets?
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
