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S&P 500 Technical Analysis
On the daily chart below for the S&P 500, we can see that the market has failed to break above the key 4175 resistance once again and it’s now threatening a deeper pullback. The break below the trendline suggests that the momentum has switched to the downside. Recently the buyers haven’t got good news on the fundamental side as jobless claims started to rise and the latest US Retail Sales missed across the board. Last Friday, the US PMIs beat expectations though and, although it may be good news...
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Posted: Apr 24 2023, 09:02
Author Name: forexlive
Views: 111623