US500 Analysis by Mallicast Team
After the release of the PMI data, the US500 index experienced a downward trend on the 4-hour time frame. The analytical team at Mallicast has identified this bearish movement considering the economic data and market reactions. Based on technical analysis and observed patterns, it is anticipated that after this downward move, the US500 index may potentially resume its upward trend. This potential rebound depends on various factors, including changes in economic conditions, fiscal policies, and market sentiment. It is crucial for investors and traders to closely monitor the upcoming developments to capitalize on new market opportunities.
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