• S&P 500 broke key support level 3900.00
• Likely to fall to support level 3800.00
S&P 500 index recently broke the key support level 3900.00 (which has been reversing the price from the end of July) intersecting with the 61.8% Fibonacci correction of the upward ABC correction from June .
The breakout of the support level 3900.00 continues the active intermediate impulse wave (3), which is aligned with the clear downtrend from last December.
Given the expectation of further rate hikes in USA, S&P 500 index can be expected to fall toward the next support level 3800.00.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies