• S&P 500 Index: Holding above 3850/3815 needed to extend the bounce – SocGen

Noticias del mercado

14 diciembre 2022

S&P 500 Index: Holding above 3850/3815 needed to extend the bounce – SocGen

S&P 500 rebound has once again faltered near the September peak of 4120. The index must hold above the 3850/15 zone to sustain the bounce, economists at Société Générale report.

Receding upward momentum and possibility of a pause

“Daily MACD has dipped below its trigger line denoting receding upward momentum and possibility of a pause.”

“The 50-Day Moving Average near 3850/3815 should be an important support zone near term. Holding above this, the bounce could gradually persist towards the previous gap near 4218.”

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: