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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


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