The S&P 500 Index Recovered Slightly, what will this mean for your stocks? See here:
The S&P 500 has a massive amount of resistance at the 4100 level, extending to the 4150 level. That is an area where we had seen a lot of action in the past, and the previous support level should offer quite a bit of “market memory” if we approach it again, so I think a lot of sellers will come into the picture. Signs of exhaustion will be jumped upon, and I think that this rally is going to be short-lived, to say the least.
Regardless, even if we do take off to the upside, I believe it is probably only a matter of time before we see exhaustion that people will jump on, as the bearish case is still very strong. After all, we have to worry about inflation, and a lack of growth. I am waiting for some type of exhaustion that we can take advantage of and have no interest whatsoever in trying to buy this market.
In fact, we need to get above 4300 to even have that conversation, something that I do not expect to see anytime soon. It is a matter of getting an opportunity, and that means taking your time and being patient.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Scott Dixon Records Fastest Indianapolis 500 Pole Run in HistoryScott Dixon used a breathtaking run of more than 234 mph to post the fastest Indianapolis 500 pole run in history
Lire la suite »
Scott Dixon Wins Indianapolis 500 Pole With Record-Breaking Final RunSix-time IndyCar champion Scott Dixon added to his legacy after winning his fifth Indianapolis 500 pole position with a record-breaking time trial.
Lire la suite »
Survey: American Airlines most faith-friendly among Fortune 500American Airlines is the most faith-friendly among the Fortune 500 companies, according to a religious freedom survey released Monday.
Lire la suite »
WRTV Indy 500 Trackside Trivia 2022It's Indianapolis 500 week and in honor of the Greatest Spectacle in Racing we're bringing you some ' WRTV Trackside Trivia' all week long.
Lire la suite »