US500 neutral

S&P500 is creeping up to 4500

17 august 2021 98
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Such strong and round levels don’t easily give up. For example, last time the price stormed the level of 3500 for 3 months, and there were two strong (almost 10%) reversals. 

Based on the previous observations, it is not impossible for the price to correct to 4000-4100. 

From the fundamental point of view, this scenario can follow the anticipated statements by the Fed at the end of August and September about tightening monetary policy.  

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