SPX 500 ANALYSIS
Hello everyone,
We can be seen that after a few days of declines, The SPX 500 reached an important level of Fibonacci the 0.618, wich show a healthy correction and continuation of up trend in the SPX 500.
In addition ,it is halted on a moving average of 50, Also SPY, have topped $400 billion for the first time.
If the spy will continue to go up the Dollar index is expected to down.
We can be seen that after a few days of declines, The SPX 500 reached an important level of Fibonacci the 0.618, wich show a healthy correction and continuation of up trend in the SPX 500.
In addition ,it is halted on a moving average of 50, Also SPY, have topped $400 billion for the first time.
If the spy will continue to go up the Dollar index is expected to down.
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