Mon, 10 Jan 2022 12:00:02 GMT
USA 500 index declines in January
At the start of 2022, the USA 500 stock index booked a new all-time-high level. However, immediately afterwards the index started a decline, which recently reached below the 50-day simple moving average.
If the index continues to decline, it might look for support in the lower trend line of the channel up pattern, which has guided the index since late