US500: Only Bullish
After the FOMC minutes and the comments from the FED that the Inflation was moving down
to their target, this created some weakness for the USD.
All these moves are related to the FOMC and the rate cut.
Nothing surprising so far.
After the price broke out from the bullish pattern and also from a strong psychological
zone near 50500 the price rose more and it is showing that the bullish trend has not
over yet.
It is very risky to sell indices under these conditions. They keep rising with a very small
volume but the trend is still bullish and very strong.
US500 may reach 5200 soon after already reached 5100.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After the FOMC minutes and the comments from the FED that the Inflation was moving down
to their target, this created some weakness for the USD.
All these moves are related to the FOMC and the rate cut.
Nothing surprising so far.
After the price broke out from the bullish pattern and also from a strong psychological
zone near 50500 the price rose more and it is showing that the bullish trend has not
over yet.
It is very risky to sell indices under these conditions. They keep rising with a very small
volume but the trend is still bullish and very strong.
US500 may reach 5200 soon after already reached 5100.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅My FX Broker
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