Is the US stockmarket reversing?

Last month we saw one of the worst months in history for the US indices.
The January effect quickly turned into a selling fest and caused major losses for investors, hedge funds and structured products.
As expected this did not leave ZuluTrade’s investment baskets untouched.

However, the last few days have been extremely bullish and almost all stock products have been recovering across the board.
This is also visible through our dedicated investment basket products.

 

Big Tech

Gaming Tech

Will this correction prove to be a new rally to the highs or would it activate more selling action as the below technical view shows?

SP500 (Daily chart)

No one knows, however, everyone should be prepared for both scenarios.
So keep your risk under control and stay vigilant as this technical level is going to play a major role in the future of the US markets.

Disclaimer

The views expressed do not constitute investment or any other advice/recommendation/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade. Every metric and the statistical number is a result of a past performance, which does not constitute a promise or a certainty for a future one.