S&P’s 20-Week Average at 7,583 Will Determine Market Regime
Photo: Coinfomania
The S&P 500's 20-week average at 7,583 could determine market direction ahead of FOMC. Here's why traders should stay alert. The S&P 500’s 20-week average holds significant importance as it currently rests at 7,583. According to analysis from CryptoTwitter commentator @TheFlowHorse, maintaining this level is crucial for sustaining the current uptrend. A breach below could trigger a regime change, prompting increased selling pressure. Traders should keep a close watch on this level as it may dictate market direction in the coming sessions.
Source: Coinfomania
