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 index broken above our ideal target at 4.444 for a test of 4.546 where it stalled a turned lower and now closed below the trendline support at 4.468 indicating a larger decline is in motion. The first target we will be looking for is seen in the 4.168 - 4.190 area, but the extended period of time the S&P 500 index has rallied without any correction other than unusual small ones could indicate that a larger correction now is install for the equity market.
We would not be surprised to see a series of top-formation beginning to develop in the coming weeks followed by a sudden waterfall decline in the S&P 500 index.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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