The S&P 500 released the handbrake from Monday and was able to convince with significant gains on Tuesday. The S&P 500 Technology Index also rose by more than 2 %.
Investors took advantage of the previous day's sell-off to buy in cheaply again. Concerns about rising bond yields seem to have been forgotten for the time being. Hopes are too high for what could follow...
The broad S&P 500 index ended its consolidation in exemplary fashion in the area of the support level of 3,750 points. Since then, the bulls have dominated the action and the all-time high is again being targeted. Above 3,900 points, this will open up during the coming trading days. An attack on the round mark of 4,000 points therefore seems only a matter of time. Consequently, one should shortly be prepared for the index to advance "once again" into unknown territory. An establishment above the 4,000 points mark opens up medium-term potential up to the next target at 4,204 points.
Conversely, a dip below the recently confirmed support at 3,730 points would be viewed negatively. Accordingly, setbacks to the lower support zone at around 3,560 points would be expected in the further course.
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Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
Investors took advantage of the previous day's sell-off to buy in cheaply again. Concerns about rising bond yields seem to have been forgotten for the time being. Hopes are too high for what could follow...
The broad S&P 500 index ended its consolidation in exemplary fashion in the area of the support level of 3,750 points. Since then, the bulls have dominated the action and the all-time high is again being targeted. Above 3,900 points, this will open up during the coming trading days. An attack on the round mark of 4,000 points therefore seems only a matter of time. Consequently, one should shortly be prepared for the index to advance "once again" into unknown territory. An establishment above the 4,000 points mark opens up medium-term potential up to the next target at 4,204 points.
Conversely, a dip below the recently confirmed support at 3,730 points would be viewed negatively. Accordingly, setbacks to the lower support zone at around 3,560 points would be expected in the further course.
If you liked the analysis, we would be pleased if you liked or subscribed to it. By doing so, you support our work enormously!
Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
