Summary of S&P 500 Technical Analysis for September 27, 2022 by FXEmpire

This is an AI generated summary. There may be inaccuracies.
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The FX Empire analyst believes that the S&P 500 may continue to fall, potentially reaching 3,800 before finding support. They note that interest rates are currently too high, but believe that a relief rally is possible.

  • 00:00:00 The FX Empire analyst looks at the S&P 500, noting that the market had initially pulled back during the session, but then continued to fall and reach 3,800 before selling off. If the market breaks down below 3600, then the 50-dayEMA could be targeted. Keep in mind that interest rates are a little too high, and the analyst believes that a relief rally makes sense, but would not be a buyer at this point.

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