Stocks Analysis by Investing.com (Damian Nowiszewski) covering: S&P 500, DAX. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
This drop comes after the first leg of the pullback on Tuesday was seen as a rotation into small caps. However, even theThis sentiment shift comes as the second-quarter earnings season heats up ahead of key tech names set to report next week.
The first major area of concern lies around 5500, where an upward trend line intersects with key support levels. A break below this critical zone at 5400 points could signal serious trouble for buyers and a potential trend reversal. In that scenario, sellers would likely target the 5000 level next.Since early May, the DAX has been stuck in a consolidation pattern, with its upper limit set near historical highs just below 19,000 points. Given the recent downturn in U.S.
This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple perspectives and is highly risky and therefore, any investment decision and the associated risk remains with the investor.
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