US500: Weekly Timeframe Forecast

US500, Weekly

US500 recovers after a decline and currently aims to retest the 6100 resistance.
The alligator’s lips cross the jaw while the MACD breaks above the 0-line, suggesting a bullish momentum.

Buy US500 on breaking above the 6100 with the target at 7000 at the 161.8 Fibonacci.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

Share with friends:

Author: Timur Yurdagyul

Open an FBS account

By registering, you accept FBS Customer Agreement conditions and FBS Privacy Policy and assume all risks inherent with trading operations on the world financial markets.