Stocks Analysis by Fawad Razaqzada covering: S&P 500, SPDR® S&P 500, Amazon.com Inc, Tesla Inc. Read Fawad Razaqzada's latest article on Investing.com
Profit-taking earlier in the week had caused the markets to weaken a little, before staging a bit of a recovery on Wednesday.
While worries about valuations remain, and a larger correction may come at some point later this year, for now at least the bulls remain largely in control of price action. Bearish speculators still need to see a confirmed reversal signal of the charts given the strength of the rally in the last couple of quarters.
Thus, what the bulls need to see is for the MA to continue holding as support. The bears will want to see a close below it to signal a change in the trend. The SPDR S&P 500 ETF Trust is an exchange-traded fund traded with the symbol SPY. Its purpose is to mirror the performance of the S&P 500 stock market index. This ETF holds the distinction of being the largest and oldest ETF in the United States.) formed a bullish engulfing candle on its daily chart, after dropping earlier this week on the back of poor sales of EVs.
SPDR® S&P 500 Amazon.Com Inc Tesla Inc
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 Bulls Look Unstoppable - Traders Should Stick to Dip-Buying StrategiesStocks Analysis by Fawad Razaqzada covering: EUR/USD, S&P 500, SPDR® S&P 500, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
S&P 500: Sticky Inflation Concerns, Rising Yields Could Put Rally to TestStocks Analysis by Fawad Razaqzada covering: S&P 500, Dow Jones Industrial Average, Crude Oil WTI Futures, United States 10-Year. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Silver Could Be Heading to $50 - Watch These Levels for CluesCommodities Analysis by Fawad Razaqzada covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
This Shiba Inu Metric Explodes by 500% Amid a SHIB Price Rally: DetailsCrypto Blog
Read more »
HSBC Lifts Year-End Target for S&P 500 to 5,400 on Soft-Landing HopesHSBC Monday raised its year-end target for the benchmark S&P 500 to 5,400 from its prior forecast of 5,000, assuming a soft-landing for the U.S. economy and implying about 3% upside to the current levels.
Read more »
DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 MarkOutlook on FTSE 100, DAX 40 and S&P 500 amid FOMC and MPC member speeches.
Read more »