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US 500

SP500 follow up analysis

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The current technical analysis of the SP500 reveals an uncertain landscape, primarily due to a significant gap that needs attention. Two plausible scenarios are in play:

Immediate Downside to Close the Gap: This could translate into a short-term downward move.

Potential Upside Followed by Downside Correction: Alternatively, there might be a brief upward surge to fill the gap, likely followed by a corrective move downwards.

Given the unclear direction, it might be wise to avoid unnecessary risks by refraining from opening positions at this moment. The market's ambiguity suggests a need for patience until a clearer trend emerges.
MaceMaddox
Technical IndicatorsOscillators

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.
Technical IndicatorsOscillators
MaceMaddox

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.