S&P 500 Index: Holding above 3850/3815 needed to extend the bounce – SocGen SP500 Banks
“Daily MACD has dipped below its trigger line denoting receding upward momentum and possibility of a pause.”
“The 50-Day Moving Average near 3850/3815 should be an important support zone near term. Holding above this, the bounce could gradually persist towards the previous gap near 4218.”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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