In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are questioning whether the pull back in the S&P 500 may be over.
Over the last day or two, we have seen a slight softening in the rhetoric coming from Donald Trump and the US administration toward China. As a result, from a fundamental perspective, we have seen the Global Indices react in more of a risk on type of phase. As we look across the other Indices markets, we can see strong correlation and some considerable moves. Also, bear in mind the relative uncertainty at this time.
With this in mind, we can see the S&P 500 bounce off a strong level of support around the 2800 level and is now looking stronger once more. We will be looking for a high probability trade above the 2860 level.
Pull Back in the S&P 500 May Be Over – Full Video Analysis
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