S&P 500 Index: Corrective rebound may already be over, bearish outlook reinforced – Credit Suisse SP500 Banks
“An extremely poor end to last week has seen the S&P 500 gap sharply lower on increased volume post the payrolls report and this has seen an ‘island top’ reversal left behind to suggest the corrective rebound may already be over.”
“Resistance is seen at 3682 initially, with the price gap from Friday at 3707/3745 now ideally capping.”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. You should do your own thorough research before making any investment decisions.
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