Market Analysis of US500 on Friday10 October 2023

2023-10-20 19:55Source:BtcDana

US500 TECHNICAL ANALYSIS SHORT TERM VIEW      

 US500 completed or near to completion wave 4 and its last wave 5 should go upward towards 4600 level without touch 4200 level.Buying is better with stop loss 4200 for intraday targets 4300,4320 and 4350 targets respectively.Overall upside target is 4600 above.Final stop loss is 4125 for overall trend calculation.

 QUICK FUNDAMENTAL LOOK                                                                     

U.S. futures fell on Friday as the yield on 10-year government bonds surged following the hawkish tone by Federal Reserve Chair Jerome Powell, while investors awaited earnings reports from companies.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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