– S&P 500 falling inside sharp c-wave
– Likely to fall to support level 5000.00
S&P 500 index continues to fall inside the sharp c-wave of the minor ABC correction ii from the end of last month.
The price earlier broke the support levels 5100.00 and 5140.00, which strengthened the bearish pressure on these index .
Given the worsening sentiment seen across the USA equity, S&P 500 index can be expected to fall further to the next round support level 5000.00.
Market picture The release of US inflation data sparked a surge in risk asset purchases,…
• Gold broke daily down channel • Likely to reach resistance level 2415.00 Gold recently…
• AUDUSD broke key resistance level 0.6650 • Likely to reach resistance level 0.6760 AUDUSD…
The US dollar has been under relentless pressure since last Thursday, approaching more than one-month…
Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor…
• EURCHF rising inside impulse wave 3 • Likely to reach resistance level 0.9835 EURCHF…
This website uses cookies