3 min readS&P 500 (SDX):
The S&P 500 has enjoyed an impressive rally following the announcement of Trump’s election as the new president of the United States. It’s currently trading just below $6,000, marking yet another all-time high for the index.
A closer look at the technicals shows that if a pullback begins, a simple tool like the Fibonacci tool can help identify key areas of interest within a “rebalanced” or “discounted” zone. In this scenario, I would be particularly interested in how the price reacts around the $5,800 level.
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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.
