S&P 500 Index: Top to form beneath the 4195 YTD high – Credit Suisse SP500 Banks
“With daily MACD momentum having turned lower, we still think the broader risk is shifting towards a ‘risk off’ phase and our bias stays lower for an eventual break below 4052/48 to confirm a near-term top for a fall to test the 200-DMA, now at 3972.”
“Above 4195 though would now be seen to mark an important break higher, especially give the extreme net short in positioning to clear the way for a test of the summer 2022 high and 61.8% retracement of the entire 2022 fall at 4312/4325.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
Giant 3-story barge arrives in UK to house 500 asylum seekersThe UK government has leased the Bibby Stockholm, which says it offers “luxury living,” for 18 months.
Read more »
Nearly 500 Students Suspended in NJ District in Month, Raising QuestionsBad behavior at school is leading to an alarming surge in students getting suspended in a New Jersey city, and the the superintendent thinks social media is partly to blame for the rise in violence.
Read more »
Andrew McCarthy: What I Learned From Walking 500 Miles With Son SamExclusive: Andrew McCarthy was “constantly surprised” by son Sam during their 500-mile walk through Spain, which inspired his latest book.
Read more »
IMS celebrates history with 2023 Indy 500 pace car, a hardtop convertible Corvette Z06The 2023 Indianapolis 500 pace car marks the 20th time a Chevy Corvette has been used to lead the field to green dating back to 1978.
Read more »
North Texas-based 'Fortune 500' company unaffected by any economic slowdown - CEO SpotlightTroy Rudd, CEO, AECOM (NYSE: ACM) joins KRLD's David Johnson on this episode of CEO Spotlight
Read more »
IMS celebrates history with 2023 Indy 500 pace car, a hardtop convertible Corvette Z06The 2023 Indy 500 Pace Car has been unveiled 🏎 This year's edition is a hardtop convertible Chevrolet Corvette Z06, in red mist. Read more: Indy500 Indianapolis pacecar racing 📸: Michelle Pemberton/IndyStar
Read more »