Market Analysis of Instrument name on Monday 2 September 2023

2023-09-07 12:54Fonte:BtcDana

US500 TECHNICAL ANALYSIS SHORT TERM VIEW     

  US500 has strong resistance 4470 TO 4500 levels and it can fall towards 4426 levels easily  without touch 4540 level  .It has made abc pattern from downside and  4455, 4448 and 4440 are  targets for intraday purpose.Trend is downwards so selling is better for intraday or positional target.

 QUICK FUNDAMENTAL LOOK                                                                     

Nasdaq slides more than 1%, Dow slips about 200 points, S&P posts two-day losing streak,An unexpected rise in a key U.S. services activity gauge also sparked concerns that the Federal Reserve would have to keep rates higher for longer.

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

Mais