US500: Possibility of Falling

US500, Daily

In the Daily timeframe, the US500, after a long-term rise, broke the trend line and fell below the critical 161.8 Fibonacci support. Momentum also dipped below the 100.0. The price is testing this important level along with the MA50, which makes it possible to sell within the current correction.

• US500 sell could be considered on a fall below 5430 and MA50 with a target of 5330;