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One platform for global traditional assets
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Although the U.S. stock market S&P 500 has started to rebound on the daily chart, both the weekly and monthly charts show typical topping patterns. Therefore, the first target price for the S&P 500 is 5600, but this is not the bottom. The second target price is 4900. If it drops to 4900, from this round's high, the decline would be about 30%, which can only be considered an average correction. Whether there is a third target price depends on multiple factors.