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Mar 14, 2025

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US500 at a Crossroads: Rebound or Further Decline?

US500, Daily

US500Daily.png


The asset is in a downtrend. The price has tested the critical support level of 5540. RSI indicators are in the oversold zone. All this points to a possible start of correction.

  • If the index price consolidates above the resistance level of 5600, growth will resume, with the target of testing 5700.
  • However, if the price breaks the support level 5540, the decline will continue to 5400.

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FBS Analyst Team

Author: FBS Analyst Team

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