The US 500 stock index (cash) has been plummeting in the four-hour chart since its upside trajectory peaked at the all-time high of 4,817. Moreover, the price crossed beneath both its 50-period simple moving average (SMA) and the Ichimoku cloud, further reinforcing the index’s imminent bearish bias. The recent pullback is likely to resume as the short-term oscillators indicate that selling forces have taken control. The MACD is found below its red […]
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