PX500 - goes to test the global trend line!
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Technical - the stock market may test the global trend line, at the moment it acts as support for the SPX500. Usually such tests are met with squeezes and after that the price returns again to test the support, can we bounce back to the 4150 points zone again, technically everything looks like this, let's see where this correction will lead.
Fundamentally - there are rumors that the correction in the stock market began due to the problems of one of the FIRST REPUBLIC BANK banks, which may go bankrupt soon, the bank's shares have already fallen by -40%, another bank in the Fed's piggy bank, the printing press is probably already refueling with ink))
Technical - the stock market may test the global trend line, at the moment it acts as support for the SPX500. Usually such tests are met with squeezes and after that the price returns again to test the support, can we bounce back to the 4150 points zone again, technically everything looks like this, let's see where this correction will lead.
Fundamentally - there are rumors that the correction in the stock market began due to the problems of one of the FIRST REPUBLIC BANK banks, which may go bankrupt soon, the bank's shares have already fallen by -40%, another bank in the Fed's piggy bank, the printing press is probably already refueling with ink))
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