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- The S&P 500 index intends to create a new all-time high
- Dec 16 2021
- by Michael Wallenberg
- Analyst AZA
The S&P 500 index intends to create a new all-time high
American stocks began to rise sharply after a strong fall. The S&P 500 also surged up sharply and approached its all-time high. The price managed to prevail over all resistance levels, and only the historical maximum turned out to be the last obstacle. As a rule, when the price breaks through such levels it receives an additional impulse for growth. Therefore, we placed our order to open a position slightly above the high. We have placed the Take Profit order with a target of 32 pips.
Symbol:S&P 500
Order Type:Pending Order-Buy Stop
Entry Price at4748.0
Take Profit at4778.0
Pips Earning:32
Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1320
USDJPY buy at the price of 114.25
GBPUSD buy at the price of 1.3300
USDCHF sell at the price of 0.9220
The result of a trade recommendation.
Stock market indices trading tips
The profit can be $320.00 if the trading volume of 10 Futures.
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