The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The S&P 500 has run into major resistance near 3,700 and all red lights is flashing for a possible top being in place. The pitchfork resistance line has rejected the advance. The RSI indicator has flashed a negative divergence warning more than a month now also indicating a possible top could be nearby. All that's needed now is a clear break below 3,594 to confirm that a top has been seen and a correction is unfolding.
So, the big question is how low can we go? Important support at 3,385 should be tested and a break below here will call for a much deeper correction towards 2.946 and maybe even closer to 2,100.
Thus, be ready for a possible deep dive and keep you stops tight.
The trend and patience are your friends, but sometimes the trend needs a reaction and that time is likely now.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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