US indices have managed to bounce nicely off their overnight lows, despite concerns about the yen-funded carry trade unwind and crypto selling. The S&P has now entered a key inflection point again, near 6840-52 area; let's see whether the bulls will be able to reclaim this zone and kick on from there, or whether the selling resumes. Shaded blue area is the key support zone to watch between 6771-6795; bearish if we go below there.
Fawad Razaqzada, market analyst with FOREX.com
Fawad Razaqzada, market analyst with FOREX.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.