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08 Aug 2022

The SP 500 continues to find itself in rally mode, but this up-move remains viewed as a countertrend rally in an extended bear market that began at the start of the year. With that bias in mind, I am paying close attention to how the market responds to the Supply level around 4200. In the near-term, the trend is still higher, so continuing to give the upward trajectory respect, but soon things may start to turn as we head towards the fall. If the market falls, the next key Demand zone is around the 3700 price level.

S&P500

S&P 500 INDEX

KEY LEVEL4200
sell

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Nick Quinn - Market Analyst

Nick Quinn - Market Analyst

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Scott Greer - Market Analyst

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Max Norbury - Market Analyst

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Shain Vernier - Market Analyst

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10+ years of experience

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Ale TradeFX, Argentina

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As a newby, I liked this. They are very easy to understand. I subscribed and until now I can say it's worth it. Support people are also there to help

Nahashon, Germany

How to trade is really a great tool for all the Forex enthusiasts. You can learn so much regardless your level, the platform is full with valuable content. Also they...

Paul P., Romania

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Obi Teng, France

I've learned a lot in a couple of weeks and overall very satisfied. You can never find a platform like this with great mentors and strategies. For all newbies...

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