S&P500: A bounce at 2015 low, could it be a sustainable bounce ?
Last week, we see SPX bounced back at 2015 low around 1800 level.
This is a strong support, market immediately reacted when SPX reached this level.
The question is Could it be a sustainable bounce for just a trap ?
The uncertainty around the world cause the cautiousness for investors want to buy Stock.
This week, the main focus are FOMC Minutes, US CPI data, Housing Starts, Building Permits and Industrial Production. Positive data could confirm for a real bounce.
I hope SPX test the resistance 1940 this week.
This is a strong support, market immediately reacted when SPX reached this level.
The question is Could it be a sustainable bounce for just a trap ?
The uncertainty around the world cause the cautiousness for investors want to buy Stock.
This week, the main focus are FOMC Minutes, US CPI data, Housing Starts, Building Permits and Industrial Production. Positive data could confirm for a real bounce.
I hope SPX test the resistance 1940 this week.
