Forex Strategy Video: Will an S&P 500 Break Assure the Next Risk Run?
• The S&P 500 has tested and failed at the 1,850 resistance yet again
• A break from this benchmark is imminent, but that doesn't ensure the next risk drive
• Sentiment itself will define the influence and drive of the next move
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Traders are growing anxious. The S&P 500 has attempted and failed once again to overtake 1,850. A lack of commentment in risk trends is the likely culprit for the absence of trend in all speculative-sensitive asset classes. That said, a breakout from this equity benchmark is highly likely in the coming days (bullish or bearish remains to be seen). Yet, the implications of such a move turning into a trend or evolving into a similar drive for Yen crosses, the US Dollar, high-yield and other assets depends on the sentiment 'volume'. We revisit the Risk Sensitivity Curve to discuss how we should position for these markets in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.