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S&P 500 Technical Analysis - This breakout is a bad omen for the bulls

Last week, we got some risk aversion in the market as the tensions in the Middle East intensified. In fact, going into the weekend the bearish momentum increased as ABC news reported that the Israeli military got the "green light" to move into Gaza whenever it was ready. Since we haven't seen any ground offence over the weekend, we might see a relief rally today.S&P 500 Technical Analysis – Daily TimeframeOn the daily chart, we can see that the S&P 500 broke out of the channel and sold off into... Read More

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Technical

Analysis

This

Breakout

Omen

Bulls

Forex

Posted: Oct 23 2023, 07:10

Author Name: forexlive

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