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S&P 500 Technical Analysis
On the daily chart below, we can see that the S&P 500 keeps getting rejected at the 4200 resistance zone although maintaining a bullish bias. The current weakness may be due to the “sell the fact” trade we mentioned in the beginning of the week, where the S&P 500 was expected to pull back as traders take profit from the rally into the debt ceiling deal that was reached over the weekend. Now that we have finally got rid of that risk, we can focus solely on the economic data. Yesterday, we got a b...
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Posted: Jun 1 2023, 07:08
Author Name: forexlive
Views: 081346