3 min readS&P 500 (SDX):
As the holiday season wraps up and the New Year begins, the S&P 500 remains a fascinating index to watch. At present, it is trading just below the $6,000.00 mark.
Examining the technicals more closely, we can see that the price has rejected a minor internal resistance area, which now appears to have flipped into support around $5,900.00. Should the price move lower, it will be interesting to observe how the support levels near $5,700.00 hold. Notably, this area aligns perfectly with the 50% rebalancing zone on the Fibonacci tool.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
