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S&P 500 Daily Chart Analysis For Week of Jan 12, 2024

SP:SPX   Indeks S&P 500
Technical Analysis and Outlook:
Spooz's extended movement toward our designated target, Mean Res 4783 and Key Res 4800, is noteworthy. However, the completed Outer Index rally poses a significant barrier to advancement towards higher targets: Inner Index Rally 4882 and the next Outer Index Rally 5035. The current level of tight trading range supports this theory. Despite this, current market conditions suggest we may experience a squeeze that could drive the prices down to the Mean Support level at 4745 and possibly even the Inner Index Dip at 4595.
Penafian

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