The US 500 cash index has witnessed a pullback from its all-time high, reaching a 3-month low amid increasing negative forces. The index has also crossed below its 50- and 200-day simple moving average (SMA), which points towards an overall bearish outlook. However, the price is currently trading below its lower Bollinger Band, indicating that […]
The post US 500 Index Meets Resistance at 200-SMA; Bearish Outlook appeared first on Action Forex.
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