In the last minutes we can observe a strong revival in the stock market. Investors rushed to buy shares due to information that allegedly Ukraine will not insist on membership in NATO. Such a declaration is certainly an important step in the ongoing negotiations with Russia. However, is this enough to bring an end to military actions?
US500 rose sharply following the news and broke above local resistance at 4220 pts. Currently the index is approaching next resistance around 4245 pts which is marked with lower limit of the 1:1 structure and 38.2% Fibonacci retracement of the last downward wave. Source: xStation5
