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JoeChampion

US500 is under the pressure of a strong dollar

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US 500 (CAPITALCOM:US500)  
JoeChampion  
CAPITALCOM:US500   US 500
Trend Analysis Technical Indicators Beyond Technical Analysis us500 SPX (S&P 500 Index) SELL short Bearish Patterns Technical Analysis Indices Contains image
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trendanalysis indicator beyondta us500 spx sell short bearish technicalanalysis indices containsimage
Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area.
We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong dollar usually put pressure on indices like S&P500.
Trade safe, Joe.
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