📈 US500 gains ahead of vice-debate

All three main stock indices in the U.S. rose roughly 1.5% on Wednesday, recovering from a sell-off in the previous session after President Trump appeared to have changed his stance on the stimulus package.

Today markets’ attention will focus on the US Vice Presidential debate, which will take place in Salt Lake City and will last 90 minutes, starting at 9:00 PM ET. After the first chaotic presidential debate, which was even called by some as the worst American debate ever, today Vice Presidential candidates have the biggest chance to present themselves on the national stage as viable deputies. Attention may focus, among others on the coronavirus pandemic, especially considering the fact that President Trump has recently been diagnosed with COVID-19. Many observers are hoping that, unlike in the previous debate, we will hear substantive arguments from both sides today

The US500 almost completely recovered from the recent sell-off caused by Donald Trump's decision to finish the stimulus negotiations. The last 3 corrections were almost identical, which supports the short-term bullish scenario. The closest resistance is located at 3425 pts. Should buyers manage to break above it, then a way for a bigger upward move towards 3485 pts, or even 3580 pts will be open. Source: xStation5

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