This is the daily
chart of the S&P 500 Index which shows the small distance until the H&S
target at $1,292.
The previous analysis starting from early April suggested a
bear correction high probability in spite of good earnings results but the
brake and retest of the neck line (the purple trend line) from last week set a
clear target zone in the $1,292 area (http://en.goldring.ro/analysis_details.php?analyse_id=2585).
The German DAX index recovered today some of the lost territory
of last night and this could improve the market sentiment for the US session.
However, the $1,292 still stands as a target for the short term.
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