S&P 500 returns to test key resistance ahead of US CPI The S&P 500 has been stumbling back below its early June peak at around 4150 points since last week. The positive surprises from the ISM and NFP and the general upturn in risk appetite among market participants have enabled a sharp rebound in US … Read more
Wall Street begins a rebound and could regain height this week Wall Street could regain momentum this week after starting a rebound on Friday thanks to economic indicators not as bad as expected. The S&P 500 rebounded nearly 2% on Friday on retail sales rising 1.0% in June, better than the 0.8% expected, although most … Read more
Wall Street could regain height while waiting for the NFP The US stock market could regain strength this week according to technical analysis. The S&P 500 formed a bullish engulfing on the daily time frame on Friday, despite several disappointing catalysts that could have justified a sharp decline in the markets. The S&P 500 ended … Read more
Consumer confidence drags Wall Street down as inflation figures await Wall Street ended sharply lower yesterday despite a green start to the session. Optimism at the start of the session, as Beijing and Shanghai recorded no new COVID infections for the first time since February, was undermined by a weaker-than-expected reading in U.S. consumer confidence. … Read more
The Nasdaq 100 could rebound in the coming weeks US stock markets appear to have started a rebound in their first session of the week on Tuesday. The S&P 500, Nasdaq 100 and other major indexes rebounded sharply after a week of steep declines. All sectors ended positive, with the energy sector in pole position, … Read more
The S&P 500 could rally as high as 4300 points in the short term Concretely, the outlook becomes bullish again thanks to this signal and the risk/return ratio seems interesting since the S&P 500 is still moving close to its recent lowest closing price at 3900 points. The S&P 500 could rise to its high … Read more
S&P 500 could rally to 4270 but bottom outlook remains bearish In the event of a rebound, the S&P 500 could climb back to its former March support at 4150 points, or even the neckline of the head and shoulders reversal pattern formed at the start of the year at 4270 points. However, even if … Read more
S&P 500 could rally to 4270 but bottom outlook remains bearish In the event of a rebound, the S&P 500 could climb back to its former March support at 4150 points, or even the neckline of the head and shoulders reversal pattern formed at the start of the year at 4270 points. However, even if … Read more
The Nasdaq 100 attempts to rebound from major support at 12,200 points In terms of technical analysis, the price of the Nasdaq 100 is back on an important support zone at around 12,200 points which not only corresponds to the lower limit of the descending channel in which it has been evolving since the beginning … Read more
The New York Stock Exchange fell again on Monday May 9, weighed down by technology and energy stocks, reflecting concerns about inflation, the response of the American central bank (Fed) and a possible recession. According to final results, the Dow Jones index dropped 1.99% to 32,245.70 points. Read alsoAccording to INSEE, inflation will soar to … Read more