S&P 500 Index: Ongoing bounce could persist towards 200DMA at 4070/4120 – SocGen SP500 Banks
Defending 3815 is crucial for continuation in ongoing rebound“Ongoing bounce could persist towards 200DMA of 4070/4120 and a weekly gap near 4218. It is worth noting that the index has consistently struggled to reclaim this Moving Average since April; these could be important resistance levels near term.”
“Defending short-term ascending channel near 3815 would be crucial for continuation in ongoing rebound. Break can result in a revisit of graphical levels near 3700/3630.”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.
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