Visualizing Downside S&P 500 for the week of June 22nd 2015
S&P is in an intermediate downward channel, June 18th was an outlier;unexpected rally, but I feel S&P will adjust and confine tself to the channel that is kind of established for so many sessions.
Due to Greek uncertainty, I feel this will continue into next week making people take profits and stay on the sidelines until a resolution is reached by June 30 (if not this weekend).
I feel S&P may fluctuate between 2050 and 2125.
Disclaimer: Never make trade decisions based on what you read on the internet or someone else's analysis. Please make your own strategies and do your calculations before penning your trades. Trading is very risky, make informed and conservative decisions protecting your capital at all times.
Due to Greek uncertainty, I feel this will continue into next week making people take profits and stay on the sidelines until a resolution is reached by June 30 (if not this weekend).
I feel S&P may fluctuate between 2050 and 2125.
Disclaimer: Never make trade decisions based on what you read on the internet or someone else's analysis. Please make your own strategies and do your calculations before penning your trades. Trading is very risky, make informed and conservative decisions protecting your capital at all times.