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S&P500 Index CFD Weekly - 17 - 21 Aug 2020

Long
FX:SPX500   S&P 500 Index
Price stay near six month's high defy last Friday losses, futures pick-up above 3,370 during Tokyo session. Risk barometers recently gained from the news that the US Congress will reconvene later this week. Even so, the coronavirus (COVID-19) woes and the US-China tussle keeps the risk-on mood pressured.

Technically we are still looking at bullish uptrend channel and high probability downside is limited as price steady inside current channel

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