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S&P 500 Technical Analysis - Bulls are getting exhausted near a key level

Following the big rally after the miss in the US CPI report, the market started to get exhausted near a key swing high level. The data is still supporting the soft-landing narrative as the US Retail Sales and Jobless Claims last week surprised to the upside. The market may just be pulling back as we approach the FOMC rate decision and there may be some profit taking or defensive positioning going on. Nevertheless, it looks like as long as we keep getting good economic data, the S&P 500 can keep... Read More

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Content Topics

Technical

Analysis

Bulls

Getting

Exhausted

Near

Level

Forex

Posted: Jul 24 2023, 06:05

Author Name: forexlive

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