SP500- 3750 can be a good place to buy
After the high at 4300, SP500 started to drop and now is trading again under 4k important figure.
However, the recent drop is in steps, mostly triggered by news events and followed by tight ranges.
For me, this is the indication of a reversal, and 3750 support can be a good place to buy the index.
A buy in this zone with an SL under the recent low and TP at 4100 resistance could also have a good R: R of 1:2
However, the recent drop is in steps, mostly triggered by news events and followed by tight ranges.
For me, this is the indication of a reversal, and 3750 support can be a good place to buy the index.
A buy in this zone with an SL under the recent low and TP at 4100 resistance could also have a good R: R of 1:2
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