We would need to see a decent pullback here <3075 on US500 otherwise this could be coiling up and heading much higher.
All the good news from Monday wasn't enough to make a dent to the market, however the bears have lost momentum as well and every dip is bought into.
There is a lot of cash on the sidelines waiting for direction, the markets will move with force very soon but at this point its a 50/50.
I am hopeful for a small correction to 2800 level however this should have already happened by now according to last weeks price action.
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
2,958.8 | 0.00 | 0.00 |