Orion-Markets

SPX500 Long idea

Long
OANDA:SPX500USD   S&P 500 Index
Following on from our previous SPX analysis, our in-house view is for the S&P to re-test all-time highs following the US inflation data due today. Our previous analysis mentioned our long sentiment, however, our position got stopped out on Monday following the sell-offs found across all the main US tech stocks and indices. Our target lies at 4800 and beyond for SPX as long as the data released is in line with our analysis. To mitigate losses, our stop is located at the 4660 level.

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