The US500 index has successfully broken above its previous all-time high near 6218, following news of a ceasefire agreement between the U.S., Israel, and Iran.
This development has significantly boosted market sentiment, leading to a strong surge across global equity markets, with major indices leading the rally. The breakthrough above this key resistance level suggests continued bullish momentum, supported by easing geopolitical tensions and renewed investor confidence.
Traders and investors should now monitor for confirmation of this breakout and assess whether the index can sustain momentum above the 6218 level. If sustained, the next potential upside targets could emerge, while a failure to hold this level might signal a short-term pullback or consolidation.
This development has significantly boosted market sentiment, leading to a strong surge across global equity markets, with major indices leading the rally. The breakthrough above this key resistance level suggests continued bullish momentum, supported by easing geopolitical tensions and renewed investor confidence.
Traders and investors should now monitor for confirmation of this breakout and assess whether the index can sustain momentum above the 6218 level. If sustained, the next potential upside targets could emerge, while a failure to hold this level might signal a short-term pullback or consolidation.
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