S&P 500 index declines in january
|At the start of 2022, the USA 500 stock index booked a new all-time-high level. However, immediately afterwards the index started a decline, which recently reached below the 50-day simple moving average.
If the index continues to decline, it might look for support in the lower trend line of the channel up pattern, which has guided the index since late 2020. Below the trend line, the December low levels at 4,500.00,
Meanwhile, a potential surge could first find resistance in the November high level at 4,750.00, before aiming at the all-time-high level at 4,800.00.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.