Short
US500 running into long-term downtrend
If we break 3900$ most probably we are sliding slowly towards 2800$. Considering FED hawkishness, China's real estate problems, and inflation this is the most probable outcome.
Major resistance towards the bottom-200MA, 3400$ and 3600$ zones.
MACD also implies downtrend continuation, and RSI is still not oversold...
Good luck Traders.
Major resistance towards the bottom-200MA, 3400$ and 3600$ zones.
MACD also implies downtrend continuation, and RSI is still not oversold...
Good luck Traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.