- Analytics
- News and Tools
- Market News
- S&P 500 Index: Race higher to take a break at the psychological 4500 level - Credit Suisse
S&P 500 Index: Race higher to take a break at the psychological 4500 level - Credit Suisse
FXStreet notes that S&P 500 has surged to new record highs. The spotlight turns to trend resistance from April and the psychological 4498/4500 barrier, which strategists at Credit Suisse look to cap at first.
“The spotlight turns on trend resistance from April, today seen at 4493, just shy of the psychological 4500 level. Despite the strength yesterday our bias remains to look for a cap in this 4495/4500 zone at first for a fresh pullback.”
“A direct break of 4495/4500 can see resistance next at 4517/25. We do not see the market at the upper end of its ‘typical’ extreme though until it reaches 15% above its 200-day average, which is still some considerable distance away at 4624.”
“Support is seen at 4465 initially, then the price gap from yesterday morning at 4450/42.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
