Nice historical comparison (2018-2019)! At this point I'm guessing it just depends on the trade negotiations. If we start getting some positive trade negotiation news with Japan, EU, Canada, India etc, could be enough for SPX to break this resistance
Great point. Now comes the hard part - we knew some sort of face ripper would happen. It got back to a likely spot and now traders need to show they're willing to buy at higher prices... and a legitimate reason to do so.
Nice historical comparison (2018-2019)! At this point I'm guessing it just depends on the trade negotiations. If we start getting some positive trade negotiation news with Japan, EU, Canada, India etc, could be enough for SPX to break this resistance
Great point. Now comes the hard part - we knew some sort of face ripper would happen. It got back to a likely spot and now traders need to show they're willing to buy at higher prices... and a legitimate reason to do so.
"hard part" indeed. We'll see!