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S&P 500 Technical Analysis
On the daily chart below, we can see that the price action remains rangebound beneath the key 4175 resistance level. The market has been trying to break above this resistance since last December, but it just keeps failing. The buyers are trading on the expectation that we get a soft landing where unemployment doesn’t increase much, and inflation comes back to target naturally. The sellers, on the other hand, expect a hard landing where unemployment does spike, or the Fed’s tightening breaks some...
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Posted: May 15 2023, 09:17
Author Name: forexlive
Views: 112582
