With the consistent hike in interest rates, it really would not be surprising to see the SP500 take a dip after a corrective month of price action. There are 2 classic indications that we may see this turnaround this week on the chart illustrated. 1) Countertrend line break and 2) A possible head and shoulder formation. Let's keep track of this!
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Price s hovering around the area of interest. Fundamental will definitely be the deciding factor on the market direction for the week.
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Head and Shoulder looking apparent
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This analysis is closed