S&P 500 Index: Broad and choppy rangebound environment – Credit Suisse SP500 Banks
“We look for the 63 and 200-DMAs and the 38.2% retracement of the 2022/23 upmove at 3984/26 to hold, in line with our view that this a temporary setback, ahead of further strength in due course to test key resistance at the 61.8% retracement of the 2022 fall and summer 2022 high at 4312/4325. We look for this to then prove a tough barrier to define the top of what we believe could be a broad and lengthy range.
“Below 3886 is needed to suggest we may have seen a ‘false’ break higher and more important downturn within the broad range, with the next support then seen at 3764.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
S\u0026P 500 Forecast: S\u0026P 500 Falls With Rates Rising on TuesdayThe S\u0026P 500 E-mini contract began the overnight trading session on Tuesday with negative momentum and has failed to show much positivity since then.
Leer más »
S\u0026P 500 Forecast: Stock Index Looks Likely to Test 4000Wednesday\u0027s session was unusually quiet due to the significant selloff that occurred on Tuesday, which may have released the built-up energy in the market.
Leer más »
How credit scores are evolving to improve access to creditThey’re also making it easier to count rent, utility payments, and other recurring bills — a boon for those who need credit the most.
Leer más »
How credit scores are evolving to improve access to creditCredit rating agencies are working to improve access to credit by giving people more time to pay medical bills before the debt appears in reports, and by removing other debt completely. Here’s what you should know:
Leer más »
How credit scores are evolving to improve access to creditA low credit score can hurt your ability to take out a loan, secure a good interest rate, or increase the spending limit on your credit card.
Leer más »
How credit scores are evolving to improve access to creditA low credit score can hurt your ability to take out a loan, secure a good interest rate, or increase the spending limit on your credit card.
Leer más »