USA 500 index books new high

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On December 16, the USA 500 index booked a new all time high, as it touched the 4,750.00 mark. However, the new high level provided resistance and a retracement to the 4,650.00 level occurred.

In the case that the index continues to decline, it could look for support in the 50-day simple moving average near 4,600.00. Further below the December low levels at 4,500.00 might stop the loss of value.

On the other hand, a resumption of the surge of the index would have to pass the 4,750.00 mark before booking new all-time-high levels.

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