There are plenty of technical reasons to think that we will find buyers. Trade the S&P 500 market here: Forex Stocks Money
Dips at this point should continue to be buying opportunities, but I also believe that there is significant support underneath at multiple areas, especially near the 50-day EMA underneath. I currently sits at the 4646 level and is rising, suggesting that we have plenty of buyers on dips and plenty of value hunters out there waiting to happen. The market has been in an uptrend for quite some time, and it does make sense that we would see plenty of pressure underneath continue to lift this market.
The S&P 500, like other US indices, is clearly a situation where you can only trade in one direction, as the Federal Reserve will pick this market up every time it falls for any significant amount of distance. Therefore, I think that short-term pullbacks will be bought into as plenty of value hunters will continue to look at this through the prism of “the Federal Reserve will do what it takes.
The 4500 level underneath should continue to be massive support, based upon not only psychology of the big figure, but the fact that we have seen a bit of a bounce from there more than once. There is a
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\u0026P 500 Forecast: Slight Pullback to End YearThe S\u0026P 500 pulled back in a shortened session on Friday as we continue to see a line of choppy behavior in the face of a serious lack of liquidity.
Read more »
S\u0026P 500 Price Prediction 2022New year, new quarter, new month. Will you keep an eye out on the S&P 500 in 2022? Will you trade it? Get our price predictions here: Forex trading stockmarkets
Read more »
S&P 500 choppy on first trading day of 2022, remains close to record levels at just under 4800US equities saw a choppy start to first trading session of 2022, with the S&P 500 index swinging between 4795 highs and sub-4760 lows in a matter of m
Read more »
S&P 500 dips back under 4800 again as surging long-term bond yields hurt big tech and other growth stocksThe main news in US equities on Tuesday is rotation from growth stocks into value. The tech-heavy Nasdaq 100 index, which is seen by many as a proxy f
Read more »
More record highs for S&P 500, Dow on first day of 2022Wall Street got 2022 off to a solid start Monday with more record highs for the Standard & Poor's 500 and the Dow Jones industrial average.
Read more »
S&P 500, Dow hit record highs on 1st trading day of 2022The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.
Read more »