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!
Red lines- trading range
SPX is moving higher again today after the Non-Farm Payrolls announcement. Price is now at 3,870 but still below the upper range boundary. SPX has been trading inside this trading range since mid December. Traders need to remain patient for a break out before choosing sides. There are times to be bullish and there are times to be bearish. This is the time we need to remain patient and neutral to see which direction SPX will break out of the range. No need to take bigger risks. The market has confirmed the importance of the resistance at 3,900 and the support at 3,800. Traders better wait for a break out before opening new positions. More aggressive traders would open short close to 3,900 or long near 3,800.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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