US500 neutral

And the shooting star again! Now for S&P 500

03 february 2022 83
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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Apparently, for some instruments as AUDUSDXerox and S&P500, yesterday was marked by “the shooting star”.


As the line of the DeMarker indicator left the oversold zone and it is directed upwards so far, it is better to wait for confirmation of the downward reversal of the index by closing the present day below 4 545.


Then, we can say about a probable decline of S&P500 to the support of 4 300.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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