USA500 retests 50DMA for a 3rd day
USD500 retests the confluence of R1 for the day from PP analysis and the 50-day MA, at 2626 . Meanwhile R2 is placed at 161.8 Fibonacci extension from the rebound seem in December. Hence a break above this area , 2626-2640, could shift the asset further to the upside , towards the next Resistance levels, at 200.0% Fib. extension at the round 2700 and the 200-day SMA, at 2735.
A rejection of 2640 level should turn the price action lower again. the next support holds at 2520.
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