• Mar 18, 2024
  • Trade ideas

US500 Trends: Should We Fear Market Overheating?

US500 - H4 Timeframe

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US500, having touched the support 5140 at the lower boundary of the ascending wedge, continues to grow towards the target 5200 and the upper boundary of the pattern. Despite the prevailing excitement in US equities, experts expect a correction due to market overheating. However, a break below the 5150 support level could lead to a decline to 5100 or 5050.

Trade: Buy US500.

TP: 5200

Sl: 5135

Conclusion

In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.

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