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 continues to push higher towards our ideal target near 4,444 where we think a major top will be seen for a larger corrective decline towards at least 3,000 and possibly even closer to the March 2020 low near 2,181. However, for now we should stay cautious focused towards the upside for the final spike closer to our 4,444 target.
Short-term it will take a break below minor support at 4,181 to indicate that the S&P 500 has peaked and the larger corrective decline is in motion.
Trading recommendation:
Stay cautious long the S&P 500 index, but keep your stop just below 4,181 or sell near 4,444 for a larger corrective decline.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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