USA S&P 500 IndexUpdated The USA S&P 500 Index
the USA S&P 500 Index (15-minute timeframe), highlighting a recent price action scenario. It shows a rising wedge pattern followed by a significant bearish breakout. The price retraced to a resistance zone around 5984.20 and is now consolidating. Two potential paths are illustrated: either a continuation upwards toward the 6000 level or a rejection that could lead to a further decline toward 5940 support.
Fundamental Note: Investors might be cautious due to mixed economic data or upcoming Federal Reserve commentary, which could influence volatility and overall market sentiment.
Fundamental Note: Investors might be cautious due to mixed economic data or upcoming Federal Reserve commentary, which could influence volatility and overall market sentiment.
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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.