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Is the S&P 500 determined on its short-term fate?


Good afternoon!

The S&P500 index has broken through the rising channel, rolled back to it and is now forming an attempt to rebound from the broken line. The horizontal level 3930 gets on the way, which is likely to be broken down, so the index opens up prospects to reach the level of 3600:

Bitcoin continues to “stomp” at the level of 17000, ramming its further path towards 18500. Now a flag is forming on the chart, which could potentially give impetus to the subsequent upward movement of the crypto-coin:

Is the S&P 500 determined on its short-term fate?

The Eurodollar continues to test the weekly downward channel, so the basic scenario is a hike towards support at 1.03.50, where the line of the broken ascending channel also passes, followed by a rebound upwards:

Is the S&P 500 determined on its short-term fate?

Oleg Svirgun, analyst at the brokerage company Tickmill

10/12/2022

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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