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S&P 500 Technical Analysis

S&P 500 Technical Analysis
On the daily chart below, we can see that the breakout of the key 4175 resistance has failed again as the S&P 500 got smacked back down soon after a probe above the 4200 high. This selloff comes amid some negative headlines on the debt ceiling front and another strong US economic report in the form of Services PMI, which may force the Fed to do more as core inflation might remain sticky above the 4% level. Now we are back within the range between the 4061 support and 4175 resistance. This is som... Read More
Posted: May 25 2023, 09:30
Author Name: forexlive
Views: 092060

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