Daily Market Analysis 19.05.2022: US500
Instrument: US500 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 3902.2 with take profit at 3920.4 Bearish Preference: Sell position is envisaged if price trades below 3846.4 with take profit at 3822.3 Fundamentals: 1:30pm USD Philly Fed Manufacturing Index USD Unemployment Claims Comment: US500 is down 17.7% so far in 2022, hit by factors …