SaxoTV
Berger: Looking to trade an oversold bounce in S&P 500
508 views
Seasoned equity trader Serge Berger is looking for an oversold bounce trade in the S&P 500
amid what he calls a "global calamity" in the markets.
The index has been through key levels last week and this could trigger a further emotional response from investors.
2020-50 are important levels, around 2011 support line and China is triggering a stretch point in the medium term.
Serge believes 1920 is a key level to enter market while looking for the oversold bounce trade.
Target: 2000
Stop: 1880