Boring_Trader

Will S&P500 extend it's downtrend???

CAPITALCOM:US500   US 500
S&P 500 reached 4,460 support on the back of the MACD bearish divergence. As we advance, a daily close below 4,460 may extend this downtrend towards the 4,376 support created on 10 July 2023. However, a daily close above 4,527 or EMA 10.20 golden cross, whichever first, may see the US500 trend higher towards the year-to-date high of 4,606.
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