S & amp; P500 resistance levels – dangerous for purchases, waiting for correction

S & P500 again reached the levels of 2067. saptotiva serious resistance, which does not allow us to enter long below.

Yes trend is long, but now is a risky purchase. Suitable locations for long about moving average or below support 1997 points.

Today we expect developments and news after the meetings in Minsk to Ukraine and of the Eurogroup meeting in Greece. After them there will be movements, but the risk now is great. Expectations are for a peace agreement in Minsk and pootlagane negotiations with Greece, which accumulate mainly in the price, but one wrong step can have a serious impact on the market.

It is better to wait for correction.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance