USA S&P 500 Index
Short
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Mid term short

145
We expect a drop in the price that broke the 200-hour moving average towards the main correction level of 38.2%, and if this level is broken, a decline to the 61.8% Fibonacci retracement level is anticipated.

With the expectation of a 0.50-point rate cut from the FED in September starting to decrease to 0.25 points, we may see a correction movement in the U.S. stock markets overall.

Additionally, the recovery in the DXY and the breakout of the short-term downward channel also strengthen our expectation. We recommend setting the stop-loss level above the previous peak.
Trade fermée: cible de profit atteinte
Price reach the 2nd TP. You can close most of your trades and bring your SL level back to breakeven.

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