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S&P 500 Technical Analysis - Watch this key support

Last week the US data surprised to the upside with the ISM Services PMI and Jobless Claims beating expectations by a big margin. The market didn't like the strong data as it raises the chances of another rate hike in November. In fact, the S&P500 sold off following the PMI beat with some consolidation thereafter, even after the strong Jobless Claims. The market seems to be trading on “good news is bad news” at the moment, but the outlook remains uncertain.S&P 500 Technical Analysis – Daily Timef... Read More

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Posted: Sep 11 2023, 08:26

Author Name: forexlive

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