Indices have recovered from their lows of the week, with US indices potentially looking at fresh record highs in the near future
Sharp losses over the first two days of last week took the price back from near 40,000, but Wednesday’s session saw a stabilisation.
If the price drops below 18,000 then the 50-day SMA is another area of possible support, swiftly followed by 17,800 and then 17,656 in the event of further declines. While it remains below the declining 200-day SMA and below the high seen in the first half of March around 17,150, the overall move higher off the lows of January remains intact.
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