3 min readS&P 500 (SDX):
The S&P 500 continues to demonstrate strong upward momentum, with the previous all-time high (ATH) serving as a key resistance level that has now turned into support. These levels, identified in earlier articles, were around $5,875.00.
A closer examination of the technicals reveals how price action has respected the aforementioned areas of interest, aligning with “rebalancing” on higher time frames. Notably, the price retraced to the 50% level on the Fibonacci tool, rebalanced, and resumed its upward movement. At present, the RSI indicator does not indicate any signs of momentum slowing, as it remains relatively neutral.
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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.
