menu search

S&P 500 Technical Analysis

S&P 500 Technical Analysis
On the daily chart below for S&P 500, we can see that as the price failed to sustain a break above the key 4175 resistance, it sold off back to the previous resistance turned support at 4061. The buyers leant on that level with defined risk just below it and the strong NFP on Friday gave the market soft landing vibes as it looks forward to moderating inflation, resilient labour market and the Fed pausing rate hikes in June. The market is now trading in a range between the 4175 resistance and 406... Read More
Posted: May 8 2023, 08:16
Author Name: forexlive
Views: 081818

Search within

Pages Search Results: