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FX.co ★ Morning review for S&P 500 on January 28, 2021

Morning review for S&P 500 on January 28, 2021

Morning review for S&P 500 on January 28, 2021

S&P 500 Daily:

It is possible that the significant daily decline during the Fed's meeting is a signal for a strong correction. The US stock market has been at the top for a long time, and we can talk about overbought. In this case, large investors would like to see a strong correction for new purchases. On the way down, a 50-day average can be observed on the chart. This is the average where large funds usually start buying.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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