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S&P 500 Technical Analysis
On the daily chart below for the S&P 500, we can see that the price is again threatening a breakout of the key 4175 resistance level. The buyers have tried to break above this level several times without success. Will this time be different? At the moment, the market is trading on the expectations that the Fed will be done tightening at the May meeting and inflation will fall back to 2% without a bad recession. The moving averages are well crossed to the upside and will act as support for the bu...
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Posted: Apr 14 2023, 10:09
Author Name: forexlive
Views: 111858