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SP500 long – another political show

Another attempt by US Democrats to impeach Trump. This story with Ukrainian President is all over the place but I believe this is going to be futile effort again.

American political system is rotten but I am personally more interested in how markets will react. Indices went down frantically and only bounced after today’s release of Trump-Zelensky phone call transcript.

SP500 Daily

The setup is bullish. I will buy now and will add to long exposure at 2950 and 2915. It is still possible to see another decline but 2915-2950 should sustain. Break below 2915 means fall towards 2810 and this support is proven to be very sustainable so far.

Safe and profitable trades !