S&P 500 Index: Resistance at 4078/90 likely to cap – Credit Suisse

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S&P 500 Index: Resistance at 4078/90 likely to cap – Credit Suisse SP500 Banks

Break above 4078/90 to reassert an upward bias

“A weekly close below 3736 would be seen to re-expose the 2022 low and 50% retracement of the 2020/2022 bull trend at 3505/3492.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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