;sumber: LIFE
S&P 500 Technical Analysis: Watch Out for $2777
S&P 500 Technical Analysis: Watch Out for $2777. It has been a good week for the S&P 500. In the last five trading days, the index has had straight gains as investors shrugged off inflation fears.
Last week, the S&P dipped the most in years following the data from the Bureau of Labor Statistics (BLS) that showed improved employment data in the country. As a result, the bond yields rose, which is expected during periods of high inflation.
This week however, the bureau released the official inflation data, which beat analysts’ forecasts. After the data was released, most people expected the indices to continue falling, which they did for a few minutes.
In the last five days, the index has managed to recover from its lows and moved up by more than 5%.
In the coming days, there are two likely scenarios. In the first one, the index may continue the upward trends that existed before the crash. In the second scenario, the index may continue the bear run. This is a possibility because, a major correction rarely ends within a week.
Still, the most likely scenario is the former, since the potential market risks may have been reduced.
As shown below, the index is now trading at $2731, which is slightly above the 14-day and 25-day EMA. As more investors come in, there is a likelihood that the index could touch the upper band of Andrew’s Pitchfork at $2777, which is 1.6% above the current position.
Was this article helpful?
0 Response to "Seorang Pemuda Kaya Membawa “Wanita Cantik” Ke Butik LV .. Semasa Membuat Pembayaran , Pekerja Cashier Melakukan Hal Ini Kepadanya ! Memalukan"
Posting Komentar