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Bank of America S&P500 technical analysis, 4325 and 4200 as the next two major levels

Bank of America S&P500 technical analysis, 4325 and 4200 as the next two major levels
A snippet commentary from Bank of America technical analyst in the benchmark US S&P500 index:“The SPX broke first support at 4450 and closed below its rising 13-week MA at 4410 for the first time since late March. The August 2022 peak and late June low provides the next key support at 4325 (4300), which the SPX nearly tested on Friday (8/18),” “The February-June cup and handle breakout point near 4200 offers the next support. Rising 26 and 40-week MAs at 4238 and 4150, respectively, reflect a bu... Read More
Posted: Aug 23 2023, 01:33
Author Name: forexlive
Views: 111789

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