This article was posted on Tuesday, 15:59, UTC.
S&P 500: Short-Term Sell S&P 500 futures, 4-Hour Chart Analysis The index remains below the line-in-the-sand zone between $2350 and $2355 and the low volume bounce on Monday creates a good short-term opportunity to place a short trade. The prior leader of the global rally, the DAX is still trending lower, and the US indices are likely to follow suit. The declining short-term trend-line provides resistance near 2345, while primary support stands just below the current price at 2332. A re-test of the 2319 level is likely, while the 2308 level serves as a target for the next possible…
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.