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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 has rallied through the key 4175 resistance the last week as we got positive news on the debt ceiling front. Going into the weekend though, the talks were said to have stalled, and we got a knee-jerk reaction lower in the S&P 500. The debt ceiling has always been raised and although there may be a very little chance that this time it won’t happen, the market is more confident on the former scenario. Therefore, until this drama g... Read More
Posted: May 22 2023, 08:27
Author Name: forexlive
Views: 092044

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