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- S&P 500 Index to see a choppy path higher towards the 4200 mark – Credit Suisse
S&P 500 Index to see a choppy path higher towards the 4200 mark – Credit Suisse
FXStreet reports that analysts at Credit Suisse look for the S&P 500 uptrend to extend further to 4070/75 and ideally 4200.
“S&P 500 uptrend is slowing and although we stay bullish we think we are set for a choppier trend higher in Q2.”
“Above channel and psychological resistance at 3994/4000 is needed to see the immediate bullish tone maintained for our 4070/75 next objective, with a decent amount of ‘back and fill’ expected in this next phase of the uptrend. Whilst we will look for a fresh phase of consolidation at 4075, big picture, we continue to look for an eventual move to 4200.”
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