Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

S&P: final battles

S&P: final battles

Information is not investment advice

Two weeks ago, we were seeing the stock market and the S&P decline. On June 11, we provided prognosis that it would be a wave down to the levels of 3,000 after which a leap up would launch.

Eventually, it happened exactly like that although we missed in accuracy: the drop was down to 2,950.

Currently, the S&P is on the rise. Trading at 3,120, it is still below the last high, fighting through the fears of the second-wave virus.

The current wave, the fourth in the row of bullish pushes, would be the one to finally punch through the pre-virus high. For this reason, it may take longer to do that, and the wave may get protracted over time. The main reason for that is that significantly positive fundamental input and data are required to push the S&P above the pre-virus high: saying “we have recovered” needs proper justification.

Therefore, here are three areas we expect the S&P to go through in the mid-term.

The most optimistic scenario would follow area 1, with the swiftest recovery reaching 3,230 and above. Very likely, that’s too good to be true.

The pessimistic scenario is represented by area 3. It’s gravity would bend the overall uptrend into an almost sideways move parallel to horizon. Eventually, it would climb upwards by coming and securely to 3,230 would take a month in this case.

The neutral scenario falls into area 2 which is in between the pessimistic and the optimistic trajectories. It supposes there would be some turbulence on the way but the trend would be still at a steady 45 degrees aiming upwards.

Therefore, let’s watch the news and prepare for battles.

2.png

                                                                                                LOG IN

Similar

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later