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U.S. stocks at make or break levels…SP500 facing resistance

Jun 10, 2019 (13:45)

by John Knobel

SP500 facing resistance at 2895; current price 2888 a break above 2895 could open up a further upside move; given the current global economic uncertainties short sellers may be quick to take advantage any short term market strength to re-sell into; on the flip side any big upside move will need to be supported by positive news announcements regarding the US- China trade issues. Risk reward prospects for the SP500 seen as +7% upside / - 7% downside as indicated on the daily chart.

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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