The 7th attempt was the charm The $S&P 500(.SPX)$ 's breakout today has fueled the rally and appears to be solidifying $5,110 as a key support level for the rest of the year. The consolidation expected is reminiscent of past instances where the index crossed the Bollinger Bands in a significant proportion of the daily candle. Here's the good news: the resistance at $5,190 has flipped and is now acting as support. Adding to the bullish sentiment, the oscillator's crossover provides further confirmation, and the MACD's attempt at a bullish crossover aims to seal the deal. The next target would be $5,277 if $5,190 holds during the week. This level can serve as a reference point for a stop-loss order, making it a more strategic option compared to
S&P 3-Day Decline: Hold Stocks or Cash for the Holiday?
S&P has fallen for 3 consecutive days. This Friday is Good Friday and then Easter Festival. --------------- Would You Hold Stocks or Hold Cash During the Holiday? What's your target for S&P 500? 5200, 5500, or 6000?
+ Follow
+5