US500 Fast Recovery After The Drop

The US500 has formed a potential bullish outlook.

The price is bullish and the market has made a quick recovery after yesterday’s drop. The market dropped to 4220 support and the losses were quickly erased as the profit taking and fresh buyers emerged. If 4420 breaks then the price will continue with bullishness and we should see D and W H3 hit 4472. However, today is the FED meeting so pay close attention to the price movement later in the day.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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