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S&P 500 Technical Analysis

S&P 500 Technical Analysis
On the daily chart below for S&P 500, we can see that after bouncing from the key 4061 support again, the price rallied into the next key resistance at 4175 and stalled. This level has been holding buyers at bay since September 2022. Boring… Anyway, the market is still uncertain if we get a soft landing or a hard landing. On one hand, the labour market remains resilient as shown by the strong NFP report last Friday. On the other hand, the disinflationary trend seems to be slowing as shown by the... Read More
Posted: May 11 2023, 10:31
Author Name: forexlive
Views: 102174

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