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Few signs of dip buyers in US equities yet, but this would be the place to make a stand

The S&P 500 is a the lows of the day, down 33 points or 0.75%. The index has just dipped below yesterday's bottom of 4464, which is where the index reversed. The break through the low isn't a good sign and selling could accelerate here.Alternatively, we could have a bit of a false break if it can make a stand right here.Fundamentally, worries about inflation are creeping in with the US CPI report on the docket tomorrow and oil prices today touching a 9-month high. This article w... Read More

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Posted: Aug 9 2023, 16:09

Author Name: forexlive

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