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[QUOTE="SOLIDECN, post: 215809, member: 80239"] [HEADING=1][JUSTIFY]S&P 500 - Index strengthens ahead of Fed meeting[/JUSTIFY][/HEADING] [JUSTIFY]Last week, analysts at JPMorgan Chase & Co. predicted growth of quotations within 10.0% if inflation in the US is lower than the forecast, but the asset was able to strengthen only by 2.2%. However, consumer prices increased in November by 7.1%, lower than October's growth of 7.7%, virtually guaranteeing a softening of the “hawkish” rhetoric of the US Federal Reserve. The meeting will take place this evening, and analysts expect the regulator to raise interest rates by 50.0 basis points to 4.50%: this signals that the agency is interested in a sharp tightening of monetary policy, and companies that are highly dependent on the cost borrowing, learn that their debt load will not be sharply increased once again. [img]https://i.ibb.co/1Grgjhp/spx.png[/img] The trading instrument continues the local corrective trend and forms an ascending corridor on the daily chart, rising toward the resistance line, and the technical indicators keep a buy signal. [B]Resistance levels[/B]: 4090, 4310 | [B]Support levels[/B]: 3990, 3830[/JUSTIFY] [/QUOTE]
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