DeGRAM

US500 fall to support

Short
CURRENCYCOM:US500   US 500
Since November 2020, the price has been moving in a growing channel.
The main channel lines (and support and resistance) are also set up at this time.
Last week the price touched the support 3748.9.
Then she showed good growth.
The price came to the resistance 3866.4.
During the existence of the channel, the price has never broken through the resistance.
This time, the price also started to fall.
However, it then rose and consolidated on the resistance.
I expect the price to resume falling after the correction.
The price will fall towards support.
The target is 3789.6.

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