FX.co ★ S&P 500 Spotlight: Unraveling Market Trends with #SP500

Hello traders, yesterday was a calm day on the #SP500 chart. There was no significant volatility despite the publication of interesting statistics and the end of the trading week. It seems like the markets are waiting for the outcome of the negotiations between the US and Iran, which are starting today. It is possible that on Monday we may see a gap in either direction based on the market participants' reaction to the media reports on the negotiation results. In case of a positive outcome, I expect the continuation of the uptrend towards the round level of 7000. In case of a negative outcome, we risk dropping to the level of 6720, which could act as support.