S&P500 on very strong support.

2023년 5월 4일

The US index is bouncing off a strong support. The volume on down waves is definitely smaller in the last quarters. Tomorrow we have non farm payroll data and everything indicates that the market will want to strengthen. The current layout looks like an accumulating range, which can still be tested in today's session. On smaller timeframes, the volume breaking this range indicates an uptrend