The S&P 500 index has been moving in a perfectly sideways direction without any clear directional bias. This week had increased volatility a little bit, but not too much: the price was consolidating in a narrowing triangle, having expanded it to some extent.
It’s possible to observe a continuation of a sideways action, at least until the interest rate decision from the FED next week and the press-conference of Jerome Powell, which might give (or might not give) any clarity about the possible direction of the market.
Overall activity remains muted as summer’s slow price action dominates the action.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
It’s possible to observe a continuation of a sideways action, at least until the interest rate decision from the FED next week and the press-conference of Jerome Powell, which might give (or might not give) any clarity about the possible direction of the market.
Overall activity remains muted as summer’s slow price action dominates the action.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.