Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

S&P 500: recovery and reconquest?

S&P 500: recovery and reconquest?


Finally, the stock market is seeing better days. After having peaked at 3 960 two weeks ago, the S&P went into a fortnight plunge. It dropped as low as almost 3 800 at the beginning of this week. However, since then, it recovered most of the losses crossing all the MAs above 3 900.

What we have to do now is to watch the support of 3 900 and the MAs around it. It’s advisable to hold and abstain from entering the market so far. If the index crosses this formidable support downwards, that would mean that the bearish potential is not exhausted, and we are yet to see more downtrend.

Otherwise, the S&P will bounce from the support upwards – in this scenario, it will likely cross 3 960 to finally challenge 4 000, forming a new uptrend.

Action plan:

  1. Wait for the 3 900 support to either get crossed downwards or send the index upwards
  2. Buy if the S&P bounces upwards
  3. Sell if the S&P crosses 3 900, 100-MA, and 50-MA downwards


                                                                                                LOG IN

Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at