S&P500 Will Possibly Rise
#trading_idea 💡
🇺🇸 Take a Look at #US500 (S&P500) !
The price has formed a Double Bottom pattern and is attempting to break the key level of 5493. The 20-day MA is below the price, and the Stochastic divergence suggests potential for further growth.
Of the 443 companies in the S&P 500 that reported earnings, 78.6% surpassed Q2 EPS estimates. Meta Platforms (NASDAQ) exceeded expectations in profit, sales growth, and guidance, resulting in a 5.5% stock increase. This marks its third consecutive earnings rally, reflecting a rebound in the digital advertising market.
🔼If the price breaks the key level 5493, a rise to resistance 5537 and 5576 is possible.
🔽Otherwise, a return to the support at 5449 or 5402 is likely.
👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease.
🇺🇸 Take a Look at #US500 (S&P500) !
The price has formed a Double Bottom pattern and is attempting to break the key level of 5493. The 20-day MA is below the price, and the Stochastic divergence suggests potential for further growth.
Of the 443 companies in the S&P 500 that reported earnings, 78.6% surpassed Q2 EPS estimates. Meta Platforms (NASDAQ) exceeded expectations in profit, sales growth, and guidance, resulting in a 5.5% stock increase. This marks its third consecutive earnings rally, reflecting a rebound in the digital advertising market.
🔼If the price breaks the key level 5493, a rise to resistance 5537 and 5576 is possible.
🔽Otherwise, a return to the support at 5449 or 5402 is likely.
👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease.
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