The post S&P 500 poised for a major rally, but only if this critical level holds [Video} appeared on BitcoinEthereumNews.com.

With the U.S. election and FOMC meeting around the corner, the S&P 500 is poised for potential volatility. Here’s what investors need to keep an eye on: Key 5,700 support level: This level is crucial for determining the market’s next direction. Bearish signals: Rising supply levels and recent sell-offs hint at potential downside. Historical patterns: 2016 and 2020 market analogs may offer clues about upcoming moves. Bullish vs. bearish scenarios: Understanding potential outcomes can help investors strategize. Technical patterns: Bear flags, breakouts, and spring actions are all in play. Watch the video below for a detailed analysis of the S&P 500 to find out how to strategize your investment portfolio and the swing trades. Source: https://www.fxstreet.com/news/sp-500-poised-for-a-major-rally-but-only-if-this-critical-level-holds-video-202411060107

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Filed under: News - @ November 6, 2024 1:17 am