- S&P 500 Index: Initial pullback not ruled out on failure to surpass last August high of 4320 – SocGen
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6 June 2023
S&P 500 Index: Initial pullback not ruled out on failure to surpass last August high of 4320 – SocGen
Economists at Société Générale analyze S&P 500 Index technical outlook.
Beyond 4320, next objectives are 4400/4420 and 4510
S&P 500 Index is heading towards last August high of 4320 which is also close the 61.8% retracement of the whole decline during 2022. In case the move falters around this level, an initial pullback is not ruled out however upper end of previous range at 4200/4180 should be first layer of support.
Beyond 4320, next objectives are located at 4400/4420 and projections of 4510.
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