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S&P 500 Technical Analysis

S&P 500 Technical Analysis
On the daily chart below for the S&P 500, we can see that the price is again struggling hard at the key 4175 resistance. This level has been holding since September 2022 and as soon as the price gets there, it gets rejected. The sellers are likely to lean on this level again with a low risk in case the price breaks above and a huge reward in case the market turns, and we get another big bearish move. Last Friday the buyers haven’t even got any help from the economic data as retail sales missed a... Read More
Posted: Apr 17 2023, 10:18
Author Name: forexlive
Views: 111680

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