Following a notable correction, the S&P index may find support at its current level, particularly if the lower boundary of the green box at 4,350 holds. In the event of a successful hold, we could potentially witness a rally towards the initial target of 4,410. Subsequently, after a consolidation phase, a further move towards a level around 4,440 could be in the cards.
However, it's crucial to be aware that should the support within the green box fail, we may witness a decline towards the 4,300 mark.
However, it's crucial to be aware that should the support within the green box fail, we may witness a decline towards the 4,300 mark.
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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.