US500: Updating Highs

US500, Daily

In the Daily timeframe, US500 updated its ATH! price consolidated above 161.8 Fibonacci and MSS occurred. MA50 crossed above MA200 to form a Golden Cross.

We consider buying US500 on further upside with a target to 6350, corresponding to 261.8 Fibonacci;

In case of a rise above the first target, US500 may soar to 6600.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt

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