S&P500 is Trading Flat: What’s Next?
American stock index S&P500 rebounded from the upper boundary of the range, that is, the resistance level of 4195. Currently, the index is going down, targeting the opposite side of the range. The price of the index is likely to rebound from the supporting level of 4060 and head toward the opposite boundary of the range. So, let’s observe what might happen next.
The price of Bitcoin is likely to rebound and head north from the level of 25300. However, it could be interesting to observe the price movements next to this level as the bears might help the asset break the level through.
The currency pair USD/CAD has reversed. Now, the asset’s price is approaching the upper side of the symmetrical triangle. Hence, the asset might rebound and drop. The price of this asset can also drop and rebound from the lower side of this triangle. Time will tell what might happen next.
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