Stocks rebounding,But reaching to new highs would be a challenge according to the trade war
Publish Date : 2019/08/20 - 06:46

Stocks rebounding,But reaching to new highs would be a challenge according to the trade war


Stocks are rebounding,but they may get stucked in a range.the situation will last until a resolution will be found for the trade war and end the uncertainty.

S&P 500 rose by 1.2% on Monday.

Technicians said the stocks were expected to rise,but the percpective may not last and be temporary.

Now the real challenge for S&P 500 is to rise up to 2943,after it rose to 2822,5th August low last week.

Reaching to last week’s low is a positiove sign that the rebound will continue for more than couple of days,but there is no way to figure it out.we have to wait and see what will happen until the end of this week,According to instinent executive director,Frank Capellery.

source:CNBC


SignIn SignUp
Signals
Forex & Stock