Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The main US stock indexes are trading at their highs. However, there are clear signs of a correction.
At the very end of the week, the main US stock indices showed a strong downward reversal from the highs. They fell by about 1.5%. Investors have been anticipating the stock market correction for a while despite the fact that the US economy is now strong. Apparently, traders have already priced in all the positive reports and there is no reason for a significant increase from current levels. An additional reason for big sales may be the long weekend on the occasion of Thanksgiving.
Weekly results of the main US stock indices:
The Dow was trading at 36,150 - 35,600. It dipped by 550 or 1.5%
The NASDAQ composite was trading at 15,970 – 15,850. It dropped by 120 or 0.8%
The S&P 500 was trading at 4,700 – 4,684. It lost 16 or 0.4%
Outlook
The Dow is likely to trade in the range of 35,300 - 35,800
The NASDAQ Composite may remain in the range of 15,600 – 16,000
The S&P 500 is likely to stay in the range of 4,600 – 4,700
Conclusion
Now, analysts are sure that the Fed is likely to hike the interest rate to curb rising inflation. There might be also a slowdown in the US economy, which will trigger a correction in the stock market. It is only a matter of time. The question is what levels the stock indices will reach before the fall. Additionally, the US stock market is already overheating. So, a strong drop in the stock market may adversely affect the US economy.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
