S&P500 has formed the Head & Shoulders pattern, we could get a bounce from 200 SMA or 90 EMA ,but it should not last long. as I mentioned in my previous post if S&P500 moves above 940 the head & shoulders would not come to play.
If S&P could move higer than 940 and stays there for 2 weeks the dotted black channel will come to play .Bullish target will be 1000. Let's see what is going to paly.
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